Is it not ironic that Labours Pension fund is underfunded when Brown was responsible?

Question

Brown created a serious problem for the pension industry when he imposed a tax on pension dividends. I am delighted that the damage he did has come home to roost. Note not one word of the tax was mentioned as to why Labours pension fund is in trouble! Spin doctors are still alive and kidding!

Answer 1

Yes,perhaps it is a case of,'Chickens coming home to roost'. Please don't worry because Brown will find a way for the taxpayer to make up the difference.

Answer 2

I am aware of the damage that Brown did to privately funded pension schemes, however, most of the public sector pension schemes, with few exceptions like local authority pension schemes, have never been funded at all. I mean that no fund exists for practically the whole of the public sector eg, The Civil Service, teachers etc. I am not talking here just about the state pension which we are all entitled to, although no fund exists for that either. The obligations under these have always been met directly out of taxation as the payments become due. Browns concern is that because people are living longer, together with the fact that the government recently caved in on increasing retirement age for public sector workers, the sums involved are becoming worryingly large. It is ironic that the Government have created legislation to ensure that the private sector do set up funds for their own pension schemes.

Answer 3

Don't worry both Mr Brown and Mr Blair have cracking pensions - right up to the ceiling that he imposed on other people's pension funds. He's alright Jack.

Answer 4

Yes he who orders the stone should carry the weight - is that a saying? - should be.

I cannot understand why more was not made of a huge blunder he made a while ago when he announced we were carrying to much Gold reserves and would sell some off.

The immediate effect was to send the market prices into a nose dive so he got less than half of the value of the time of the announcement

He then put the money he had made evidently into the Japanese Yen that at the time was falling rapidly. - He may just as well given the gold to me and I would have spent as much of it as I could on myself and still returned more to the country than he did

Answer 5

yeah ironic as crap