MPs have pensions; very generous pensions indeed. Never mind the plebs! They will just have to make do or eventually become a further drain on the public purse. Remember that fellow Gordon Brown who effectively wrecked all private pensions with his stealth tax grab? Well, he is a member of a government, indeed a Parliament, committed to the 'European ideal'.The European Court of Justice is due to make a legal ruling this month on that worthy but expensive mechanism, The Pension Protection Fund, which will intrude into our nation and will almost inevitably add major costs to company pension schemes.
The likeliest of outcomes is that even more companies will scrap their pension schemes. More people than ever will have no provision for old age and will rely on the state - a state which ironically, is hoping to raise the pension age, cut pensions provision and encourage more people to fend for themselves.
The burden of taxation on the individual has soared during the tenure of this government to such a degree that it has ensured that few either can provide for themselves or will be persuaded that 'saving up' is any sort of good idea. What a mad world we inhabit.
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