Quote:
Originally Posted by Owd Bert
I recently had a thread about the pension scandal which didn`t rate a peep by AccyWeb`s staunch Labourites. I wonder why?
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I certainly wouldn't class myself as a Blairite, but I didn't post in that particular thread because I probably didn't understand it fully enough.
As far as I could make out, these were private pension schemes that aren't going to pay out. I agree with the government's decision not to bank roll those people's pensions with tax payer's money. Every effort, both financial and supportive, should be made available for those people to get help, which as far as I can make out, the government are doing. Lloyd's names weren't bankrolled by the tax payer's when they lost a lot of money in the 80's/90's, and to me this is no different.
Like I say, perhaps I haven't understood it fully, so forgive my ignorance if I'm way off the mark.