57 BILLION pensions black hole.

[yoxer]

Vote New Labour. Despite pension funds never being taxed on their income since their inception in the 1930's / 1940's Gordon Brown introduced the tax 60 years later which has cost the pension funds nearly £40 billion representing 70 percent of the deficit.It is also reported that spending on welfare has risen by £43 billion compared to only £26 billion on education and £37 billion

on health.Noticeably this means that all your pension fund money ripped off by Labour has been ****** up the wall on welfare benefits.

It is such a pity so many people dont understand what brown did, worse, its a pity people

cant see that no one in blairs govt know what the hell they are doing.There is not 1 single thing this govt should be proud of, or anyone who supports them.

[yoxer]

Needless to say those in public "service" are not affected by this because their pensions are funded out of your taxation including council tax.

[chesters1]

Waverly council can never refill their black hole however much they raise the council tax ,its government jobs that have the biggest pensions and also the biggest black holes

[Ken L]

Those of us in public "service" bloody well are affected. We have a pension fund just like everyone else and to contribute to making up the cash shortfall, Mr Brown has decided that 104,150 of us are to loose our jobs.

 

And, to take Chesters1 up on his point, a third of stff delivering front line services earn less than £14,000 a year. After 40 YEARS service, the civil service pension payable on a £14,000 a year job is just £7,000 a year.

[yoxer]

"Mr Brown has decided that 104,150 of us are to loose our jobs."

 

ohhhhh I hope its in the inland rev department

[chesters1]

theres more "workers" in DWP than soldiers in the army ,104,000 is rather less than the 900,000 that have been employed in government jobs since blair was first elected as king.

once he gets his way and england is regionalised then gov employees will soar with the extra layer of red tape ,probably this means that well over 2mil people will be employed directly under blair ,this ensures 2 mil extra votes ,no-one will be silly enough to vote themselves out of a job

 

[ 11. October 2004, 09:28 PM: Message edited by: chesters1 ]

[Leon Roskilly]

Stop chattering and get back to work!

 

 

(Someone has to generate the wealth to continue to fund my pension!)

 

 

Tight Lines - leon

 

 

ps Latest news is that those of us born in the '30s and '40s are living longer than those born before or after.

 

Something to do with a war time diet.

 

Thank you Mr Hitler!

 

 

Now, GET BACK TO WORK

 

[ 11. October 2004, 09:28 PM: Message edited by: Leon Roskilly ]

[chesters1]

quote:

---

Something to do with a war time diet.

---

or was it you were immunised by the output of hundreds of munitions factories ,caked in nice asbestos dust ,the output of thousands of steamtrains and millions of coal fired fires on top of high explosive residues from falling bombs and living in dank shelters like chislehurst caves

 

[ 11. October 2004, 10:58 PM: Message edited by: chesters1 ]

[Jim Roper]

Ken L:

After 40 YEARS service, the civil service pension payable on a £14,000 a year job is just £7,000 a year.

I don't think anyone, who works in the real world of work, has any sympathy for public servants.

I have to work nights and overtime to earn more than that, with NO pension on the end of it!

580 of us have just been told we are redundant next year!

[yoxer]

FTSE100 beginning 1998 - 6000

FTSE100 today 2004 - 4500

 

1997 estimated pension fund SURPLUS in excess of £60 billion

2004 pension fund DEFICIT £57 billion

 

1997 estimated numbers on benefits (unemployment and incapacity) 1.5 million

2004 estimated nubers 3.0 million

 

It does not matter which statistics you look at on the economy, all the figures show that New Labour is an abysmal failure.