Good week/bad week

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Good week/bad week (7 October)

Have this week's events brought good news or bad for older people?

By Rebecca Law, Media and PR officer

Without wanting to sound like a stuck record, this was another bad week for pensioners' pockets - particularly those of our poorest pensioners. Figures released this week by insurance company, MetLife, shows that the retired population is forking out, on average, 27% of its income on tax. Their combined annual bill for tax is around £34billion.

For poorer pensioners, the figures are even bleaker. They are losing around 33% of their household income on tax, which former government pensions adviser, Dr Ros Altmann this week labeled "scandalous". It's VAT and council tax in particular that she singled out as really unfair, since they take a higher proportion from those with the lowest income.

There will be some relief as Chancellor, George Osborne, this week announced he will be freezing council tax next year in a move to ease the financial strain on households. While this will, of course, be welcome news to all, it does mean in real terms, that those who live in more expensive areas, on the higher rate council tax bands (in other words, probably wealthier citizens), will be the ones making the greatest savings here.

Well, it really does seem like the government has had a "spot of luck" recently. The Chancellor found £800m to implement this decision. And just last week, Eric Pickles found £250m to help English councils keep or restore weekly bin collections. We just have to hope, that when the time comes, they'll be equally "lucky" at finding the necessary funds to help implement some of Andrew Dilnot's proposed recommendations for the overhaul of our care system.

Still, one thing we know money can't buy is love. It's a good job it just happens to be in the air at the moment, as this was a good week for the Duchess of Alba who finally got her man. The 85-year-old this week married civil servant, Alfonso Diez, 24 years her junior. The pair first met 30 years ago but the Duchess went on to marry someone else and it was only three years ago that they "spontaneously fell into each others' arms."

The Duchess's heirs are, according to an article in The Independent, furious about the relationship but the Duchess made it perfectly clear that her "love life was off-limits to family consultation." On emerging from her 15th-century Palacio de las Dueñas in Seville as a newly-married woman, the Duchess allegedly tossed her bouquet into the crowd before removing her shoes to perform a sevillana dance. Good luck to the Duchess, who, following her displays, seems to be a living embodiment of Mark Twain's sentiment "Dance like nobody's watching; love like you've never been hurt."

It's unclear how the pair reconnected, but it wouldn't be a surprise to learn it was through the wonder of internet dating. According to new research by Experian Hitwise this week, it's the older generation that is really making the most of this modern phenomenon.  The number of over-55s using the internet to find love has increased by 39% over the last three years. And not only are the numbers of older people partaking on the up, they tend to be more successful at it too. Industry experts believe their luck with online love is down to the fact that their main focus has moved away from marriage and children, so they are more likely to base their decisions on shared interests rather than perceived capability for parenthood.

Posted by Rebecca Law

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