David Cameron Wants Us To Fund Our Own Sick Pay From Our Savings

David Cameron ‘would look at’ the idea of making workers pay into saving accounts to cover their own sick pay, Downing Street said.

The idea has sparked outcry on social media, with people suggesting that compullsory National Insurance payments already fulfill this function.

Work and pensions secretary Ian Duncan-Smith is keen on the idea, as he explained in an interview in the Sunday Telegraph.
Duncan Smith said, ‘We need to support the kind of products that allow people through their lives to dip in and out when they need the money for sickness or care or unemployment.

‘We need to encourage people to save from day one but they need to know that they can get some of the money out when their circumstances change.

‘This is not government policy but I am very keen to look at it, as a long-term way forward for the 21st century.

Cameron’s spokesman said, ‘I think the PM shares the work and pensions secretary’s view that we should be doing more to encourage people to take personal responsibility for how they manage their affairs.

‘This isn’t government policy, it’s an idea that’s out there. It’s an idea that should be looked at. That’s where it’s at, at the moment.’