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Politics, politics, politics (so long and thanks for all the fish)

It won't backfire. There is a large amount of people who will be cheering this. The local elections will tell us what percentage of this country thinks the above is no big deal.
 
A million quid is a lot - most people are not savers they spend every penny every month.

For a typical white collar worker like myself targeting a million quid in my pension pot with about a decade to go that still needs me putting in 40% of my earnings and hoping for double digit annual investment returns and i have already made a lot of sacrifices (no holidays/new cars) over a long period.

Where a million quid is less valuable is in the standard of living this supports = only a functional retirement. The rule of thumb being long term withdrawals accounting for sequence risk run at 4-4.5% of the capital per annum.
A million quid in your pension pot would make you a millionaire without being anywhere near rich. A million pound business would probably be a good earner without making you rich. In the South East, you could get most of the way to a million with a detached house and a car or two without being anywhere near rich.
 
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