Treasury - Brown was right to scrap pension tax credits

[bobhope]

What's the fuss? This is (very) old news. The UK used to have one of the best-provided private pension systems in Europe.

It was too tempting for Grabba Brown and now we don't.

[wendigo100]

What's the fuss? This is (very) old news. The UK used to have one of the best-provided private pension systems in Europe.

It was too tempting for Grabba Brown and now we don't.

Until now Brown could claim that nobody knew what would happen, and anyway, he was acting on advice from civil servants (and the CBI).

What is not old news is that the Times has just obtained documentary evidence to the contrary - Brown ignored the advice of his own department, and the CBI, and carried out the raid while in full knowledge of the consequences.

[Gonzo]

It shouldn't come as anything of a surprise.

Although they don't use the 'S' word in public any more, the thought of people making their own private provision for themselves is an anathema to this government.

All Gordo's moves on taxes and pensions have just been moving us down the road towards central government determining what we need and should therefore be getting.

[The Master]

All Gordo's moves on taxes and pensions have just been moving us down the road towards central government determining what we need and should therefore be getting.

After all, it's only "fair" and as even The Economist observes this week only the government is in a position to determine what exactly is fair.

[Swamp Thing]

It shouldn't come as anything of a surprise.

Although they don't use the 'S' word in public any more, the thought of people making their own private provision for themselves is an anathema to this government.

All Gordo's moves on taxes and pensions have just been moving us down the road towards central government determining what we need and should therefore be getting.

Agreed. Basically more mistrust from a nasty govt that views all non-socialists with suspicion.

You know we're in bad hands when this govt comes out with stuff like:

1. The poor are too poor, so let's tax big City bonuses (even tho' no causal link)
2. Increase small companies' CT to 22%, i.e. the old income tax rate (even 'tho no causal link), purely on the basis of "it serves you right for being entrepreneurial and not socialist"
3. And then this little nugget over pensions

This is one sloppy, sh1tty, lazy, cynical govt. We must vote them out.

[zathras]

This is one sloppy, sh1tty, lazy, cynical govt. We must vote them out.

Been trying to do that since 1997 but some useless g*t keeps voting them in!