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Uk Politics November 2005 October 2005 September 2005 June 2005 March 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 January 2004 Personal comments on the Bll of Rights
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Uploaded: 05 July 2003 Pensions deceit and disgrace.Source: The Daily Mail. Thursday July 3, 2003 Labour has messed up the pension system, and their latest move to allow British people to work till they are 70 is a cover-up for a financial disaster. Stealth taxes imposed by Gordon Brown have cost the pension industry £100 billion, leaving them unable to cope with the stock market slump. However, last year MP's voted themselves a 25% rise in pension payments. That means that instead of picking up one fiftieth of their £55,118 a year salaries for each year of service, they will get one fortieth. This spring an examination of the Commons pension fund found it was £25 million short of the funds it needed to cover retired politicians' lavish benefits. So MP's voted themselves an extra £25 million from tax payers to cover the shortfall.
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