The terrible consequences were predicted by Mr Brown’s own Treasury advisers. Documents released two years ago under Freedom of Information requests show that he was told in clear, direct language by officials that his tax raid would hurt the lower paid the worst and that its long-term impact on public spending would be disastrous, as the government would have to top up local authority pension schemes. They told him that pensioners due to retire would lose out immediately, that it would cost pension providers £4billion a year (it turned out to be more), that pension benefits would be cut, that it could crash in the stock market by up to 20 per cent and that the value of existing pension funds could collapse by £50billion.
One official wrote to Mr Brown: “Abolishing pension tax credits would make a big hole in pension scheme finances.” Mr Brown ignored all of this. But he was not alone. Who was his special adviser in July 1997? A certain Ed Miliband. And who was his chief economic adviser, the man behind Mr Brown’s big decisions? The current Shadow Chancellor, Ed Balls. - Pollard.Utter, utter bastards.
Deliberately, knowingly, callously, for political gain.
Hang them. Hang them now.
Pretty shocking! It's all about power, whatever the party.
ReplyDeleteNice article, thanks for the information.
ReplyDeleteHere we go, Prodicus, Thursday evening. How are you situated?
ReplyDeleteErm...
ReplyDelete