Pensions go further in Spain

As the McBroon government faces a new Culloden-style battlefield of mangled egos and inept tactics and leadership among its chieftains and white flags among its troops, the over-50 residents of these islands turned their attention to far weightier matters…

No matter what the McBroons do before their final defeat and what the Cameron clan manages when they eventually march into Whitehall, the baby boomer over-50s remain buggered so far as their pensions are concerned.

In a decade McBroon has totally bankrupted what was the best pension industry in the world. In annual raids he has nicked five billion quid a time - current total 100 billion - and with the increasing deficits even the best pensions in the world will become even more decimated.

Another 10,000 workers have just learned their employers, supermarket group Morrisons, has became the latest company to close its final-salary scheme to existing members. It follows similar recent decisions by Barclays and BP. Despite Morrisons reporting a rise in sales, the 10,000 employees in its pension schemes will now have pensions based on their 'career average' earnings, rather than their final pay when they retire

Some baby boomers will retain their better pensions, but some over-50s and the following generations will be working extra hard – and years longer - to make sure they are paid while their own pensions will be diminished.

McBroon stealth taxed the pensions of the private sector but levied no tax on the public sector pensions, so the private sector is also subsidising the pensions of dodgy MPs and quitting ministers and the pension of McBroon himself, whenever he is forced back over the border.

His stealth taxes and fiscal policy caused the recession, which is now the main reason for the end of proper private sector final salary pensions, and he ruined the pensions of millions more with his £5 billion a year pension raids.

So much for McBroon’s “Fairer, more just society”.

Some over-50s say the McBroons have ruined Britain and it is not longer a place they recognise. They are looking for a haven in sunny Spain, where their pensions and their lifespans can go further because of the lower cost of living and stress-free lifestyle.

With property prices down by up to 40% many over-50s and pensioners are opting for Spain as a more secure future. Downsize into a 2-bed place near the beach and amenities, slow down to manana pace, eat healthily and have the family down on a regular basis to share the wonderful lifestyle.

That’s the new dream and more are making the move, according to http://www.propertyinspain.net/ where over-50s are becoming the majority of buying clients.

Why Brits are still quitting Britain

While Brits living in France and Spain are feeling the pinch because of the decline in the Pound, many others are still planning to move away from the declining state of once Great Britian.

An American correspondent in yesterday’s New York Times, commenting on Brit emigration, spoke for many over-50s when he wrote: “I can well understand why folks want to abandon Britain, where a person can’t smoke or own a gun or derogate a religion (even in private conversation), or spank one's child, or avert one's face from any of that country's 10 million CCTV cameras.

“I always thought Orwell's book (1984) represented a dystopia, but now the Brits have accepted it as their constitution.”

He didn’t mention the poor healthcare, inadequate education, ruined pension industry, unwanted currency, gun-toting teens, criminal under-class, corrupt politicians, open borders, nor an unelected leader deciding what the now angry populous wants.

But just as stoic, ex-pat Brits will sit out the currency and financial crisis affecting their lifestyles in continental Europe, those still to leave will go-ahead with their plans and take advantage of the downturn in house prices, that more than compensates for the currency losses.

In Spain they will find excellent value villas and apartments in established residential areas at prices 25% to 50% below valuation, buying direct from banks who have not had Government bail-outs because of mismanaged growth efforts.

Over-50s will notice that three ailing British banking institutions are going to carry the Santander name and be integrated in a 14,000 branch network across 40 countries. The boss of Santander was the only top banker not required to offer an apology to the Parliamentary committee investigating the banking collapse as no client money went into dodgy banking scams.

By contrast, Brit rivals have been bailed-out by the UK Government who failed to supervise their more dubious actives as they strove for world domination...

Along with sunshine, siestas and relaxed lifestyle, Spain offers stability, sound banking and good healthcare. What more could the over-50s or pensioners want for?

Their property search starts here, with specialist over-50s active life resorts, developments with guaranteed rentals, or heavily discounted repossession bargains from Spanish banks and and hard-pressed developers.