Cuts to pensions

Getting used to the skies darkening with Tories descending on the stricken economy, it was still a shock to read Ashley Seager calling for a cut to pensions (Doors slam shut on the golden age, 4 December). Surely if, as he says, the older generation has benefited from unearned house price increases and also from pension benefits from work done, it would be better for money to be taken from the unearned capital gains in housing in the form of a stiff retrospective land value tax, one of Ashley Seager’s enthusiasms, since this would benefit the younger generation with cheaper house prices.

DBC Reed