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The Daily Mail reports that pensioners who lost their life savings through Government incompetence won a landmark battle for compensation yesterday. "The unexpected ruling leaves Chancellor Gordon Brown’s Treasury facing a £3billion bill to compensate around 85,000 people whose final-salary pension schemes were wound up." They had been encouraged to invest in the pension schemes of businesses which later collapsed.
Brown's decision to abolish tax relief on pension fund dividends in 1997 came at a high cost – £100bn and rising. It apparently also sent some companies reeling into bankruptcy, and made shares less attractive, which depressed stock exchange values and further devastated pensions.
Whether the government will appeal the ruling remains a question. John Halford, of Bindman & Partners, solicitors for the pensioners, said: “The Government has been caught red-handed in an act of constitutional vandalism intended to deprive thousands of working people of justice.â€
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Never a dull moment on the road to Runnymede
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Shall Britain be free?
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INGENIOUS INVENTORS
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ABOLISHING SLAVERY
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DAVID ABBOTT MD, MRCP
Over the last decade I have come to realise how much of all I value depends on ideas and traditions nurtured by Brits. I hope you will be inspired by what you find in this blog/website, and that you will help us to make it grow in brilliance and depth by becoming a Friend.
CATHERINE (CAT) GLASS
As an American who is the descendant of Czech, Irish, and English lovers of freedom, I am dedicated to bringing the courage and spirit of Brits at their best to you.
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The best of the Brits produced thousands of indispensable inventions, developed wildly popular sports, designed romantic houses and gardens, created astonishing literary masterpieces, lived with style and humour, tackled dangerous missions with daring and ingenuity, and fought with indomitable courage to establish and protect the free world. We aim to describe their superb achievements and extraordinary lives. We celebrate creativity and common sense, fair play and compassion, bravery and self-discipline, rational thought, freedom, faith, and wit.
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Small boy on beach:
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