Monday 17 December 2007

"Pension rescue scheme gets £2.9bn"

At the risk of sounding hard-hearted, why is the government spending taxpayer's money on this?

8 comments:

Anonymous said...

Whatever the true reason, it's unlikely to be one of the good reasons that disinterested folk might suggest.

The Sage of Muswell Hill said...

MW

As usual with these turds - wait for the small print. But this "give-away" compares very unfavourably with the annual £5 billion (now about £7 billion) leeched from pension schemes by the Son of the Manse since 1997. I reckon the Treasury's got a bargain.

BTW, if my low opinion of the electorate and the MSM is justified, this "generosity" with our money will rescue Hain from any repercussions from his self-admitted criminality over campaign contributions.

Simon Fawthrop said...

Mark,

I can't find it but I seem to remember there was a report that claimed the pensioners were misled by the Govt and that compensation should be paid.

The Sage of Muswell Hill said...

TGS

It's reported here

Simon Fawthrop said...

umbongo,

Thanks for the link, I knew I had something like that.

The Remittance Man said...

From a truly cynical viewpoint? To divert attention from the effects of Gordon's Great Pension Robbery.

"Look how the benificent state is helping those tricked out of their pensions by the wicked capitalists."

The Sage of Muswell Hill said...

RM

To my surprised delight the MSM (well the and Telegraph) this morning buried the Hain Relief Payment in a welter of reportage illustrating government incompetence

The Sage of Muswell Hill said...
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