The UK has the worst state pensions in Europe

The UK has the worst state pensions in Europe;

A study shows the state pays pensioners an income equivalent to just 17% of average earnings. The, “inadequacy” of the UK’s state pension system is, “beyond question”.

This is the lowest level in Europe and well below the average for all European Union countries of 57%. Even the Netherlands, which has the second-lowest level, provides a state pension nearly double the UK figure, the study shows.

At the heart of the problem is Westminster’s failure to undo the damage caused by the Tories under Margaret Thatcher, who cut the link between average earnings and pensions in 1980. Since then annual pension increases have been tied to retail price inflation.

So much for a caring Westminster political system. Scotland would be better served by being independent from the corruption that is Westminster. Vote, “Yes” in the referendum

http://www.thisismoney.co.uk/money/pensions/article-1615956/UK-state-pension-is-the-worst-in-Europe.html

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