Iain Duncan Smith's proposal for a simple, universal pension of £140 per week to everyone over 66 is inspired. But why stop there?
There should be a single form of payment, called and providing Social Security, and fixed permanently at half median earnings, however much that happened to be from financial year to financial year.
It would cost next to nothing to administer. Like, for example, free public transport. Or free prescriptions, free eye and dental treatment, and free hospital parking.
IDS, over to you. Or else, over to Ed Miliband. Better still, over to both of you, as the odds on a General Election this year are shortened to a mere 4-1. Regardless of the outcome, we cannot afford to lose this one.
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