I have changed my mind about British Works and Pensions minister Peter Hain, who used to make a bit of a buck for his family by employing them on his expenses. It looks like Hain took on UK Prime Minister Gordon Brown over a resolution of the pension debacle involving companies such as Allied Steel & Wire. This is where people thought they were contributing to a guaranteed scheme and found their contribution pension schemes collapsing the same way as their employer.
I thought Gordon Brown supported the working man but he does not seem to. Anyway after that funny on-off signing of the new European Constitution, the public are seeing the true worth of Mr Brown.
Ros Altmann, a former Tresury pensions adviser, was delighted with the £2.7bn turnaround by the UK government. Altmann said the government rescue of Northern Rock was crucial since it showed the money was there. There was no explicit guarantee for
Northern Rock depositors, since the deposit guarantee fund was already
set up.
There are apparently 140,000 victims and one said Ms Altmann was an absolute hero and they would have got nowhere without her. I can't see her being in the New Year's
Honours List.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment