Credit Crunch Solved

[chrissa1]

There are approx 20 million 55 to 65 year olds working.The government give each one of them �1M.
They MUST retire, freeing up 20 million jobs.
They MUST pay their mortgage off or buy a new house, helping the building trade.
They MUST buy a new British car, thus saving the car building industry.

Any other "MUSTS"?

I heard this mooted on the radio and thought it might work and be cheaper than the billions the banks are receiving.

Any thoughts?

[tiggerblue10]

If they free up 20million jobs won't there be a shortage of workable people to take these jobs. At the moment there are probably around 2-3m unemployed who are able to work.

[tiggerblue10]

Or maybe I've missed the point Chrissa!

If so just ignore me :0/

[knobbynonut5]

Well I MUST agree with you there as I will be entitled to the million pound pay off next year

[chrissa1]

Ummm, good point tigger. This bit could be worked out around the job seekers then, to free up jobs that are in demand. I think!!!!

[No,Knowledge]

is it strong stuff chrissa?

[kempie]

The figures cannot be correct. The entire working population of the UK (i.e. age 16 and over) is approx. 30 million. It is not conceivable that 16 to 55 year-olds only form 1/3 of that total.

The ONS figures indicate that those between 50 years and state retirement age account for less than 7 million of the workforce.

http://www.statistics.gov.uk

[Fay Mousse]

What about all the over 65s that are still working?

And the 55s and over that own companies and employ people?

[annie0000]

What are the age 55 - 65s meant to live on for the rest of the time that they would normally be working? Considering that they will not be contributing to their pesnsions for those years so will retire on a decreased pension. There are also a lot of 55 year olds still raising families, putting their kids through uni etc. They may also be doing skilled jobs where their years of experience are required - there may not be the skilled workforce available to replace them.

Putting anything remaining from their �1m into any investment available at the moment will not give them sufficient income to live on and save for retirement.

[chrissa1]

Cheek, no-knowledge. I forswore the demon drink a year ago, hence the hair brained thoughts!!!

[theonlyone]

Easy , scrap the asylum seeker system as
it cost mega bucks , and the human
rights that that the taxpayer in the UK pays
for ..and i'm not a racist ..just a fed up
English person who is paying out for
people who freeload ...

[madmaggot]

Both my OH and myself come into this age category.

We have retired.
We have paid for our house.
We have a new(ish) car. (Quite difficult to buy a british car though, can't afford a Morgan).

But, I wouldn't say no to a hand out from the government seeing as our savings of 35 years have all but dissappeared and the bit that is left is earning next to no interest!