Gordon Brown, against advice stole my savings in 1997 and now I have to survive on state means, less than half of that which I had saved, and food handouts. Should the government pay restitution to all those affected. That is about 50% of the population.
2007-04-02 06:15:07 · 15 answers · asked by rinfrance 4 in Politics & Government ➔ Other - Politics & Government
The thing that should be recognised is that we were exhorted to pay into it, had have put the same monies into the Halifax for example then my actual investment would not have lost out, only interest, but as mine was a private pension it fell into the same trap. We could see it coming but could not stop it. we had about 20000 in it and dear old Gordon reduced not only the interest but also the capital. THAT was what was wrong not the taking of the tax break on future investment.
He caused the loss of it even if he did not in effect take it.
To those who say no 'cos it means you paying, sorry guys you will anyway as we cannot live on whats left so state pensions for those affected will have to go up.
The very minimum is that he should accept the burden and resign as an incompetent arrogant fool that he now appears to be.
2007-04-02 07:25:14 · update #1
yes and imprisoned and have their own massive pensions taken away from them.
2007-04-02 06:18:47 · answer #1 · answered by rebel 4 · 2⤊ 1⤋
What the government actually did was abolish a tax break which had been steadily whittled away by Norma Lamont whilst Chancellor.
The tax break gave companies an incentive to invest in pension schemes as a form of tax relief (it was more complex than this, but this is not an accountancy forum). As a result, company pension schemes were paid up, but companies were taking pension holidays as a consequence.
GB instead incentivised longer-term investment, concluding that if companies had funds to invest, they ought to do be encouraged to invest in their business, rather than tucking it into pension schemes which were required by law to be subscribed to a minimum level anyway.
Now the effect of this, at the same time as the collapse of the stock market after the dot.com boom was to hasten the demise of the earnings-related company pension scheme. It's debatable whether this would have happened anyway, but it was not a forseen consequence. Maybe it should have been.
The Conservative opposition are not proposing to re-introduce the tax-break so the situation will not change in the near-to-medium future.
2007-04-02 06:52:24 · answer #2 · answered by JZD 7 · 1⤊ 0⤋
Strangely, too many people think Brown has been a good chancellor. Is this the same leftie who sold our gold reserves for US$270 when the price now is US$650? The same leftie who flooded the NHS with billions and then wonders why we still have a lousy service? Thankfully, I can't be bothered to go on but, hopefully, he's in for a rough ride over the pensions scandal. He thoroughly deserves it.
2007-04-02 08:58:32 · answer #3 · answered by michael w 3 · 1⤊ 1⤋
What they should do is to ensure that every ones pension is the same as theirs i.e. copper bottomed, iron clad safe. There should be no difference in the security of pensions, but then again we are talking about M.Ps and we all know who they represent first and foremost. There should be a law preventing them giving to themselves what they are not prepared to give everyone.
2007-04-03 01:51:37 · answer #4 · answered by Cooper1 1 · 0⤊ 0⤋
Much as I despise this government, if losses arising through changes is tax legislation are to be subject to compensation this will have the effect of neutralising all future tax changes.
This does not alter the fact that Brown is a money grabbing individual driven by dogma and personal greed.
2007-04-02 06:25:59 · answer #5 · answered by Clive 6 · 1⤊ 1⤋
Abso-fricking-lutely. This is a huge scandal!!! Brown should be in prison for Corporate Manslaughter due to the suffering and early deaths his theft has cost. He had a "duty of care", as does any other public servant. How many pensioners have died early deaths because they can't eat properly or afford to heat their homes, or a million other reasons? To think we work hard all our lives and when we are due to get our pension...it's gone. It's a tragedy.
2007-04-02 08:49:34 · answer #6 · answered by jezza 3 · 1⤊ 1⤋
I hear today that the government ( Gorgon Brown) is trying to slime its way out of the pensions mess by trying to pass the buck on to the CBI.
DISGRACEFUL...The man should resign forthwith.
EDIT..
I am not so much on about the theft of millions of pounds from the pension funds (although that in itself is a bad thing they did)
...Its the way the government is trying to slime its way out of the pensions mess by trying to blame someone else.
2007-04-02 06:29:32 · answer #7 · answered by knowitall 4 · 1⤊ 1⤋
Yes its a disgrace. But you need to have rose tinted spectacles otherwise you'll go crazy thinking about the abomination that is government and some of the massive injustices that slide by us each day whilst posh spice makes the headlines.
2007-04-02 06:30:32 · answer #8 · answered by Anonymous · 1⤊ 1⤋
The government is under no obligation to make whole those who have becomes victims of crime. Lets keep it that way
2007-04-02 06:24:45 · answer #9 · answered by espreses@sbcglobal.net 6 · 1⤊ 1⤋
Liar. He didn't touch your savings - he removed tax relief from private pension funds.
2007-04-02 07:09:25 · answer #10 · answered by Anonymous · 0⤊ 2⤋