March 20th, 2014

Tom Watson Calls for Regulation of State Hand Out Spending

Tom Watson has put his grubby statist fingers to keyboard in order slam the government’s pension plans:

“People will tell you that ‘it’s your money, you should decide how to spend it’.  The whole point is that it just isn’t that simple.  Yes, you paid in.  But so did the taxpayer.  And the government has every right, therefore, to ask that you spend it in the manner it was intended when we were stumping up the cash.”

Just imagine how Tommy would be whining and moaning if that exact argument was made about controlling how people who are on benefits spend their money. The natural extension of this is to regulate anyone in receipt of state-handouts.

What happens to people spending child benefit on fags and booze?

Or JSA on flatscreen TVs?

Or disability benefits on Fixed Odd Betting Terminals?

When Tory MP Alec Shelbrooke suggested plans to regulate how money is spent Labour and their supporters accused him breaching the Human Rights Act, and called the idea “undignified”, “intrusive” and “damaging”. Yet Watson claims the “government has every right, therefore, to ask that you spend it in the manner it was intended?”


152 Comments

  1. 1
    Labour Fucktards says:

    What a shocker – a fat socialist cnut is a complete hypocrite.
    Why does anyone pay any attention to the idiotic wanker?

    Like

  2. 2
    Anonymous says:

    So the fat slug has crawled out from under its stone.

    Like

  3. 3
    Táxpáyér says:

    I’d support those in the failure -reward system getting non-monetary benefits like shelter and food-delivered.

    No cash.

    Like

  4. 4
    Anonymous says:

    “Tom Watson Calls for Regulation of State Hand Out Spending”
    and banking?

    Like

    • 47
      Spoonface Cameroon says:

      Bankers and oligarchs are untouchable in Britain

      The Cabinet Secretary, seconded from Morgan Stanley, and Tony Blair, world famous pimp of oligarchs and bankers, have guaranteed me £10 million per annum when I am kicked out next year

      Like

    • 129
      Lady in Red says:

      Has nobody told him that his fat bloated salary is also a ‘State Handout’? Where else does he think it comes from? The money tree?

      Like

  5. 5
    You DM Reporter Guido says:

    Guido, it’s 2014 – there are no other sorts of television than flat screen ones. I suppose they are colour ones too!

    Like

  6. 6
    Labour=Waste says:

    The mask is slipping. Labour cannot accept people spending their own money as they choose.

    Like

  7. 7
    Táxpáyér says:

    >Yes, you paid in. But so did the taxpayer.

    Patently wrong. Pensions tax relief is deferred taxation.

    Like

    • 70
      Ctesibius says:

      Yes Taxpayer you are right. What Tom Watson has said is COMPLETE NONSENSE. If he was a ‘banker’ he would now be fined for mis-selling.

      What Wattie says is “Yes, you paid in. But so did the taxpayer”. The taxpayer does not pay one penny in to anyone’s pension fund. All that happens is that the State doesn’t tax them on money they pay in to it.

      It is frightening that the guy is so ignorant that he can make this comment. It is also frightening that a Labour MP genuinely thinks that NOT confiscating something that belongs to someone else is a gift!

      Like

      • 151
        Anonymous says:

        Sounds easy to fix. Spend it like a pension or forfeit the tax relief. This isn’t being done for hard working savers, like Help to Buy George wants lots of big ticket spending and a feel good factor in time for the election. Boom and Bust again.

        Like

  8. 8
    WTC Building 7 says:

    I saw two young chavs walking down a road at 15:00 yesterday with cans of Stella in hand…and neither looked like they had a care in the world.

    Like

    • 24
      Couch Dauphinoise Potato says:

      Perhaps you should set your sights a little lower and join them. You sound like an utter malcontent.

      Like

  9. 10
    Tom Fatson says:

    Let no-one dare to ask me how I will spend my Taxpayer-funded, gold-plated, House of Commons final salary pension or there will be trouble.

    Like

    • 122
      Observant says:

      You don’t need a pension you fat cnut, just keep eating as much as you can trough and i am sure an early ischemic event will help save the public purse a penny or two.

      Like

  10. 11
    sheppane says:

    Not that you are any way surprised by this Hypocracy… or for that matter any of the other incoherant rubbish that comes from the mouths of representatives of the co-operative and labour party.

    Like

  11. 13
    Jiminy the Cricket says:

    I see Evan Davies was continuing the lie with Ed Ballsup on Today re the so called Bedroom Tax.

    Like

  12. 14
    Harbottle says:

    It’s my money fatso and what’s more I will still have to pay have to tax on anything I draw down under normal income tax rules.

    Like

  13. 15
    Aaron D Highside. says:

    I paid for that ice cream.

    Like

  14. 17
    T.B£iar - the People's Messiah says:

    Who needs a pension when people pay gigantic amounts of money just to hear me lying through my teeth ? :)

    Like

    • 54
      Ukrainian Provisional Government says:

      We are pleased to announce that we will be holding joint military exercises with the UK and USA, as part of which St. Anthony Bliar will be sent to invade Russia at the head of a special suicide squad trained in unarmed combat.

      Like

    • 109
      Dangerous Brian says:

      However I still do take my pension as I earned it from my years of dedicated service to the betterment of our great country.

      Like

  15. 18
    #harrietharmanresign says:

    Has he asked Harriet Harman to resign yet?

    Like

  16. 19
    bergen says:

    Quite apart from the extreme imbecility of his remarks, it’s a wonderful way to lose votes. That’s a quote for the filing cabinet to be brought out and re-aired to pensioners a year next May.

    Like

  17. 21
    Taxpayer says:

    Ok, so seeing as the fat hypocritical tosser’s salary is paid by my taxes I want his spending regulated.

    Like

    • 112
      RagingBull says:

      No more food for a start, he’s need to go on an enforced diet for his own health and wellbeing.

      Like

  18. 23
    Fubar Saunders says:

    Watson is a dick.

    Like

  19. 26
    Anonymous says:

    He’s just a fat git!!!

    Like

  20. 27
    Jaco says:

    Typical of Labour – the taxpayer does not contribute to pensions they are simply under certain rules not subject to tax. A little bit like MPS expenses…

    Like

  21. 29
    Elementary, My Dear Watson says:

    “Yes, you paid in. But so did the taxpayer.”

    Eh? The taxpayer didn’t “pay in”, the government merely allowed people to save their income for retirement without taxing it.

    It shows Labour’s warped mentality that not taxing something for a change makes them think they’re still entitled to control it.

    Like

    • 33
      Táxpáyér says:

      and they tax it via income tax and VAT on the way out.

      Like

    • 42
      chriselee says:

      Watson,my dear chap,you’ve got it in a nutshell.

      Like

    • 134
      inside out says:

      Taxed at 20%on way into pension,but taxed on way out as well.Better off with ISA taxed on way in untaxed on way out.Some who have invested well have ISA pots of more than£1 million.Problem is when you die tax free status dies with you.Unless you cash everything in and store under the bed in £50 notes.

      Like

  22. 30
    Cathy Ashton, Chief Pygmy says:

    I have convened a meeting of pygmies today in Brussels

    All the chairs have been lowered so that they can see eachother

    Like

  23. 31
    Are Labour Stupid, Lying or Both? says:

    The taxpayer has not stumped up any money for my pension fund, you fat idiot. I have simply not been taxed on income I haven’t had yet. I will be taxed on my pension when I receive it.

    Like

  24. 32
    alister says:

    How did the taxpayer pay in to my pension? The total involvement was NOT to tax the money that I and my employer paid in. It’s my money, I’ve the payslips to prove it was deducted from my pay packet, you moron. If I hadn’t earned it I couldn’t have paid it in, or do you think someone just turned up and gave me a shed load of cash? I could have taken the cash and spent it but I saved it, now you think you have the right to say it’s NOT my money?????

    Like

  25. 34
    IMF spokesman says:

    You, the taxpayers, will have to provide billions for Ukraine as well

    While the billionaire pillaging oligarchs buy up your mansions in London

    Like

  26. 35
    jgm2 says:

    This c*unt needs retuning.

    Not taxing people is not the same as giving them taxpayer’s money.

    Taking this c*unts argument to its logical conclusion he sees all your money as state money that simply hasn’t been taken off you. Yet. A ‘taxpayer subsidy’ in other words.

    The problem is that most Labour voters are too fucking stupid to realise what Watson is saying whereas the really dangerous ones do realise and actually fucking well believe it too.

    Like

    • 113
      Dangerous Brian says:

      That was Broons philosophy too as I remember it, anyone else see a thread here?

      Like

    • 114
      bergen says:

      Sadly the ludicrous fat twat genuinely believes in that logical conclusion because he and his friends and family live entirely off the state.

      Like

  27. 36
    I hate Labour says:

    Labour are fascists who want unlimited spending on benefits for layabouts to keep their voter base happy, while controlling and dictating what workers and earners can and can’t do.

    Like

  28. 37
    Toxic Tories for Landowning Spongers, Parasites, Criminals, Peedos, & other Wasters says:

    Hey… Come join our hedge fund. It’s great. Like REALLY great. We’ve got wall to wall PS4 on our terminals and personal shoppers and we converted one floor into an ozone pool staffed by playhouse bunnies. And man our dealer does deals on wheels, for those, tight like moments, know what I mean

    Like

    • 52
      Spoonface Cameroon says:

      My family prefer windmills actually

      State guaranteed income for life

      Like

    • 65
      Tom Watson's rapid rebuttal unit says:

      That was fucking shit! It doesn’t even make sense? if you fucking gormless unpaid interns want to get your taxpayer funded kitkats and cola then you’d better start producing better responses than this shit.

      Like

  29. 38
    Ed Miliband says:

    If this country didn’t have a COST OF LIVING CRISIS , Tom there would be enjoying a Double 99.

    Like

  30. 40
    Labour want us all to be babies says:

    Labour cannot stand the idea of people making their own decisions. It is as simple as that.

    Like

    • 61
      jgm2 says:

      They really hate the idea of people getting a silly notion into their heads that their own money is their own money.

      But it’s a fair warning.

      You can see which way Labour is leaning with this. All that pension money, as far as they’re concerned is ‘untaxed’ and so eligible for a one-off 40% or 45% looting.

      Like

  31. 43
    sheppane says:

    ”At Cornell University, they have an incredible piece of scientific equiptment know as a tunnelling electron microscope. This Microscope is so powerful, that by firing electrons, you can actually see images of an atom, the infinite decimally minute building block of our universe. Tom, if I were using that microscope right now, I still would not be able to locate my interest in your opinion on this, or any other matter”

    Like

  32. 44
    The Draconian says:

    Pension savings are your own money that you put aside. It’s your money from your own work.

    We should stop paying out benefits in 100% cash and give the needy food vouchers to stop people wasting their benefits on booze, cigarettes, drugs, gambling and satellite sports TV.

    Watson should investigate this waste urgently rather than trying to steal other people’s retirement savings.

    Like

    • 60
      A.N. Voter says:

      Thought you were libertarians on here. Now you want the state to decide what you spend your benefits on.
      Would a book be allowed by you? Would you stop us buying the Mirror or the Morning Star?

      Like

      • 72
        jgm2 says:

        It’s the counter argument to Watson declaring that pension money doesn’t belong to the pensioner and must be spent in a manner dictated by him.

        Like

      • 85
        Táxpáyér says:

        They didn’t decide to fund the bennies in the first place, they were extorted from the taxpayer, so shouldn’t the taxpayer have a say in how they are used?

        Like

  33. 45
    Twatson is right says:

    It’s a good idea from Twatson. Benefit money should be spent on food and board.

    It isn’t mostly and that’s why they should issue benefit tokens and not money.

    Like

  34. 46
    carlo gambino says:

    A fat trougher on a(n extremely generous) defined benefit scheme trying to tell those on a (not very generous at all) defined contribution scheme how to spend their money.

    We’re all in this together eh.

    Like

  35. 49
    A.N. Voter says:

    Sick & tired of the same old “it’s their fault” attitude by the Tories. When they were gifted power by the duplicitous Cleg thay inherited a country admittedly in trouble, but with an economy that was growing. They promptly choked off this growth & to date have borrowed more in the short time they’ve been in power than Labour did in 13 years ! Don’t forget that it also costs us MORE to borrow now because Gormless Gideon lost our triple star rating. I bet he had a proper accountant to manage his allowance when he was at school.
    Let’s face it, if you have a Prime Minister who has never had a real job, just one in “spin” gifted to him by a royal connection, and a Chancellor with absolutely NO economic qualifications, who actually gave up PPE at Oxford (Politics, Philosophy & Economics too hard for the poor lad ?) and ended up with a 2nd in Modern History, what are you going to have in government – as Baroness Warsi put it – an Eton Mess !
    Loved the way Gove was hidden away during the Budget speech – until some kind Labourites pointed him out, hidden behind a chair ! As they put it – “on the naughty stair”.

    Like

    • 64
      Michael Gove says:

      I quite agree

      The Tory Party should be a broad based party

      Enough of this privileged scum who call the rest of us “they” or “plebs”

      Like

    • 76
      The British Public says:

      Gordon Brown didn’t have any economic expertise either and that showed. But Ed Balls does and look at his legacy of ruin and disaster! Ed Miliband has never lived in the real world, yet alone worked in it.

      Note Britain’s deficit is so big because of Labour’s wild spending spree and their huge banking crisis. That’s why borrowing is so big now. Imagine if someone burned your house down, you’d need years to rebuild it.

      Like

    • 77
      jgm2 says:

      Except, astonishingly they didn’t ‘choke off this growth’. There was no double dip or triple dip recession despite Brown’s best efforts to blow all the cash.

      Like

      • 83
        A BBC Revisionist says:

        Wanna bet?

        Like

      • 94
        Táxpáyér says:

        Well the cons did use the same trick as gordon and just printed cash to create potemkin growth (mostly landed straight into land prices where it will harm the country).

        Like

  36. 51
    Bingo! says:

    At the back of the Budget book, there’s this chilling paragraph: “The Government will modernise and strengthen HMRC’s debt collection powers to recover financial assets from the bank accounts of debtors who owe over £1,000 of tax.”

    Make no mistake, this is a huge change – a “power grab” according to Politics.co.uk. At the moment, if HMRC want to seize your property or cash, they have to take you to court, win and then get a court order. Now, they apparently can do it at the flick of a switch. Crucially, there’s no safeguard built into this system – there’s no evidence of appeal process.

    http://blogs.telegraph.co.uk/technology/willardfoxton2/100012871/did-you-spot-this-budget-gives-hmrc-power-to-raid-your-bank-account-like-wonga/

    Like

  37. 56
    Joe Kerr says:

    Tom Watson reminds me of the fat, greasy, corrupt policeman in Batman who pushes his luck and ends up being shot dead by Jack Nicholson. I can dream, can’t I?

    Like

  38. 57
    City banker says:

    Steady on Guido

    There must be no limit on state handouts when we next go bust

    Like

  39. 58
    DOS Attack says:

    I have left a suitable comment on Mr Watson’s blog, but for some reason it has not appeared !!!

    Maybe others should try and see if they get the same problem?

    http://www.tom-watson.co.uk/2014/03/why-labour-has-to-oppose-osbornes-tax-bribe-over-pensions

    Like

  40. 62
    Nick Clegg says:

    Is there some kind of competition going on to try and lose the next election?

    Like

  41. 63
    domino says:

    Rich coming from someone paid by us, how about we tell you how to spend it and what we expect for it…like representative Government in the UK not from Brussels.

    Like

  42. 69
    My demands says:

    Whichever party can promise me a genuine cap on immigration and welfare, tax cuts and a soapy tit wank from Nigella Lawson will get my vote.

    Like

  43. 84
    jgm2 says:

    Do you see that ice-cream?

    He expensed that.

    Like

  44. 87
    Willie Warmer says:

    Just worked out the rational in releasing the cash pots rather than strapped into an annuity. Bit cynical, but, a hell of a lot of cash released into the economy, new cars, houses being renovated, holidays. Short term gain long term disaster?

    Like

    • 101
      Pensions Company Executive says:

      It means immediately taxable income (excluding 25% tax-free) instead of pension funds keeping the money, paying rubbish annuities, and pretending their profits are not really taxable profits but actually massive liabilities for paying future annuities to people who will live to 255 years of age.
      Terrible idea. I hope it gets watered down.

      Like

    • 106
      M­a­­­­q­bo­­ul says:

      Think again. Annuities are a rip off so if you are given other options annuity providers might start providing worthwhile products.

      Do you seriously think someone who has been saving all their lives so that they might enjoy their retirement would suddenly blow the lot like some chav who’s won the lottery?

      If anyone wants early access to tax free cash then there is already a means – ISAs.

      Like

      • 120
        RagingBull says:

        Exactly, these people who have had the financial sense to ensure that they have money saved for themselves to enjoy in their retirement are not going to be the type to go on a wild spending spree as if they are some 20 year old who has just won the lottery! It’s an insult to suggest that that would be the case. They could have spent the money as soon as they’d earnt it, but had the nous to keep it for the future.

        This change is the right move and will give people the freedom and choice to decide what to do with THEIR money. That’s quite simply the way it should be in a democracy.

        Like

  45. 89
    Nicola Sturgeon says:

    In Scotland we decide to spend your money on “free” drugs to (a) keep you docile and (b) prop up the English pharmaceutical industry.
    We don’t anticipate the working classes living to draw a pension.

    Like

  46. 91
    Labour says:

    We simply have no answers and nothing to offer the UK.

    Like

  47. 92
    Kent Brockman says:

    I for one welcome our new Labour overlords.

    Like

  48. 99
    They're all the fucking same says:

    Did you spot this? Budget gives HMRC power to raid your bank account – like Wonga

    http://blogs.telegraph.co.uk/technology/willardfoxton2/100012871/did-you-spot-this-budget-gives-hmrc-power-to-raid-your-bank-account-like-wonga/

    Like

    • 107
      P l e b says:

      See 51 above

      Like

    • 115
      M­a­­­­q­bo­­ul says:

      It’s like this in Norway. The government has access to you bank account and can help itself to any unpaid tax.

      As if the state of the blue-eyed Arabs didn’t have enough powers.

      Like

  49. 100
    M­a­­­­q­bo­­ul says:

    Only one taxpayer contributed to your pension scheme – yourself. If you don’t pay tax, you don’t get a tax “contribution”.

    Like

  50. 103
    Tony Blair says:

    War!
    Huh!
    Good god y’all!
    What is it good for?

    Making me very rich, keeping Cherie in a steady supply of Jimmy Choo shoes, and securing a nice safe seat for my son, who’s just as smug, smarmy and sociopathic as me. What is important is.

    Like

  51. 104
    jgm2 says:

    The problem real pensioners with real pension funds have is that money actually exists. It can be stolen by the likes of Watson.

    The problem is that it literally costs Watson and his ilk nothing to steal your money because MPs (and other public sector workers) don’t actually have a fund to loot. Their pension fund doesn’t exist. So if Watson et al steal 40% of your pension money then you will have 40% less pension. But since their pension fund doesn’t exist they will still be ‘entitled’ to 100% of their Final Salary scheme.

    Be afraid.

    Like

  52. 105
    C O (Ξ7g) says:

    Well, if government wants to be responsible with controlling what people spend their money on, then a good policy would be to deter from buying plasma TV’s and all that crap (nothing worth watching), and encourage folk to invest in firearms.

    With the R’ussian’s getting all ‘world dominatey’ and UK armed services being a bit underfunded, a strong fully armed civilian militia is required to defend the realm, and get rid of these turbulent socialists.

    Like

  53. 111
    Cynic2 says:

    If they spend it we cant steal it!!!

    Like

  54. 116
    Jon says:

    I’ve just posted on Tom’s blog. I assume he won’t let the comment on.

    You’re in receipt of our taxes too, Tom. I’d like you to spend your entire salary on Cadbury’s Creme Eggs this month, please as you can’t be trusted to decide on your own what you spend your money on.

    I’ll let you know what you’re allowed to spend next month’s salary on soon.

    Like

  55. 117
    Gerbil 7 says:

    Did he spout this bollocks as he detected the slightest danger that the general public might forget who he is?

    Like

  56. 121
    Right Full Rudder says:

    “Yes, you paid in. But so did the taxpayer.”

    Errr…

    Left wingers really, truly don’t grasp who the taxpayer is, do they? Even the brighter ones like Watson. They think it’s the enchanted pixie who knows where the magic money tree is.

    Like

  57. 123
    Lizzie says:

    I wonder if it has occurred to him that his own Parliamentary pension has been completely paid for by taxpayers …. though the idea that the government should be able to give people like Watson a dose of their own medicine once they retire does have its attractions one much admit, so long as we introduce a compulsory retirement age for them.

    Like

  58. 128
    Cynical-old-bag says:

    Talk about kettle, pot, black!

    Perhaps we, the public, could reciprocate and ask the Government to spend our taxes in the way they were intended, ie. NOT on MP’s expenses and gold plated pensions.

    People in glass houses……

    Like

  59. 135
    Jo says:

    Wow! The guy who claimed the maximum £4,800 allowance of TAXPAYER money on food in a single year to fill his chubby cheeks and another £100,000 to pimp his London apartment is trying to tell us TAXPAYERS why we shouldn’t be allowed access to the money we saved.
    Unlike you Tom, us normal working folks -TAXPAYERS – can’t use taxes to pay our food bills or do up our homes so maybe getting something back from our pensions before you lot piss it up the wall is only fair.

    Like

  60. 136
    Justin Case says:

    Come away – stop being rude and cruel by taunting the silly fat boy. He can’t help being a moronic pile of lefty blubber. Oops.

    Like

  61. 137
    Cheesy Wotsit says:

    I spend all my bennies on pies, pies & more pies.

    Like

  62. 145
    IAC says:

    The principle on pensions used to be that you paid tax on the money when you take it (often at a lower rate) not when you put it in the pot. The taxman is not putting in at all.

    Like

  63. 148
    Dessert Rat says:

    Fat useless twat!

    Like

  64. 149
    Scopes says:

    Following on with this dipshits logic I want a say in how this fat turd spends every bloody penny of HIS pension.

    After all I fucking contributed to all of his , not just the microscopic bit his mate McRuin decided I was entitled to.

    The man’s a prick

    Like

  65. 150
    Captn P says:

    Interesting how my tax contribution isn’t “my” money. I think this is another deficit vs. debt point.

    The tax money I pay to you fuckers in government is my money, not yours.

    Like

  66. 152
    Anonymous says:

    Oh yes. I saved for decades to provide a modest private pension. Yes, I got tax relief on my contributions

    Then I got my annuity which gives me the same amount as I earned in the morning

    Then it is taxed at 40 %

    So, Tom Watson can tell me what to spend my £24 on each month.

    Like


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