NI Blunder Sees Many Pensioners Left Penniless
Yet again we are seeing signs of the UK benefit system collapsing around our ears with news that a number of people in the UK have been given the same National Insurance number. The catastrophe seems to have occurred when many people were issued with new NI numbers on marriage or returning to work. It has only just come to light that many people with the same name or same birthday have the same NI number.
One instance saw a lady who had worked since the age of 14 years old reach retirement only to be denied a state pension. Left penniless she was forced to live of her and her husbands' savings and they nearly lost there home. To make matters worse a number of people have also been interviewed by the police for benefits fraud even though they have done nothing wrong.
As if the above was not bad enough there are also reports of people with duplicate numbers having their working records and pension contribution details wiped from the system altogether. This really is a scandal of the highest proportions and has seen the current government land in hot water yet again, letting down the very people they purport to help.
Share this..
Related stories
When will UK government finances be back on an even keel?
Even if the UK economy has technically exited the recession it will be many years before UK national finances are back on an even keel. It is estimated that government debt is now around £1 trillion and consumers in the UK owe upwards of £1.5 trillion. As a consequence, in the short to medium term we will see a significant reduction in public sector investment as well as a significant increase i...
Read MoreErnst & Young ITEM club concerned about UK economy
The Ernst & Young ITEM club has this weekend issued a rather downbeat statement on the UK economy with a suggestion that UK base rates could remain at 0.5% until 2014. Members of this exclusive club believe that the UK economy will find it difficult to absorb large budget cuts and tax increases in the short to medium term and indeed the Bank of England may well be forced to reintroduce its quantit...
Read MoreBank of England and US Federal Bank play it tough
Those hoping for a short sharp drop in interest rates in the UK and the US have had their hopes dashed today with news that the threat of inflation growing in strength is greater than that of a further economic downturn. As stock markets around the world continue to tumble in the face of the Lehman Brothers bankruptcy and concerns about insurance giant AIG perhaps a drop in rates would have helpe...
Read MoreProvident Financial goes from strength to strength
While doorstep loan competitor Cattles continues to struggle with a second profits warning within two weeks it appears that life at Provident Financial has never been better. The company today announced pre-tax profits which were 12% up on 2007 at £128.8 million. The management are also confident that 2009 will see further growth in the company's operations and an increase in profitability. Unlik...
Read MoreBeware the online fraudsters
As the Internet becomes a part of everyday life for many people in the UK we are seeing growing interest in areas such as online auctions which attract billions of pounds worth of business around the world each and every year. EBay is obviously the dominant factor in this particular market and while there are many safety nets built into the system we are seeing more instances of alleged fraud and...
Read More