«Vladimir Lenin distilled all politics to two questions: “Who? Whom?” Who will dominate, and whom will they dominate? Since 2010 the British state has offered simple answers. Who? Pensioners. Whom? Everyone else.
With the Conservative Party as its vanguard, pensioners bent the state to their will. The bits of it serving the working-age were squeezed, while those of concern to the elderly were protected. Pensioner preoccupations like leaving the European Union were pursued no matter the damage. Bungs such as free TV licences rained down. An old Marxist mantra was given a new twist: from each according to his ability; to each according to his age.
Yet change can come quickly to an ailing system, however indestructible it might seem. Alexei Yurchak, an anthropologist, titled an account of the collapse of the Soviet Union: “Everything Was Forever, Until It Was No More”. So it is in the 21st century with communism’s old-age cousin. Demographic change, economic struggles and inherent contradictions are set to bring about an end to a political settlement that once felt invincible. The end of pensioner communism is nigh.
When future historians tell the story of its fall, they will begin with a speech in Liverpool in September 2026. The speaker was a man who came not to destroy pensioner communism but to save it. Andy Burnham is more Mikhail Gorbachev, trying to buttress a failing edifice, than Boris Yeltsin, bringing in something chaotic and new. Britain’s new-ish prime minister pledged to overhaul the triple lock, a hitherto untouchable policy which raises state pensions each year by the highest of inflation, earnings or 2.5%.
Labour apparatchiks reacted like delegates at a Soviet congress. Mr Burnham softened things by saying no change would take place until 2030, after the next election. His party faithful applauded the triple lock’s retention and they applauded its repeal. Gorbachev launched perestroika, a suite of reforms to shake up the whole economy. Mr Burnham is shuffling cash for the elderly. The savings (perhaps £20bn, or $26bn, a year by 2040) will go towards a new National Care Service, ensuring geriatrics do not pay as much for old-age care. Think of it as perestroika for pensioners.