[wagstaffe]

I've apologised for making the assumption that you are happy with the private option. I would argue, now, with hindsight, that the privatising of pensions was a ludicrous idea. Where do you think the city got all the money from to buy up the toxic stuff, it wasn't theirs. One of the biggest expenditures in the next budget is the debt service payments.
Next year alone Treasury interest payments will be £44.4billion, more than the entire budget of the Ministry of Defence.
It might get to 2040 before we bring the debt level down to 2007/8 levels.
Greece is paying for the disproportionate influence the wealthy have had on the political process, like our own. They are waking up to the reality of severe cuts in public spending and job losses, like we will. I wonder how our own public sector are going to react when our Politicians have to bring down the axe. At least the Bankers will be Ok
The rest of the Plutocrats are looking on anxiously.
Interesting times ahead, I wonder how far down the pecking order environmental issues will be, now that none of the West has any money.