Author Archives: Iain Donaldson

Iain Donaldson is a Liberal Democrat campaigner from Manchester. He was a City Councillor for 19 years until May 2011, and has served on the NW Regional Exectutive and the English Council.

Opinion: Tackling Labour’s Pensions Deficit

The Coalition Government is currently coming under fire for cutting public sector pensions, but the truth is that pensions funding was cut 13 years ago by Gordon Brown when he launched his raid on pension schemes.

Until the last Labour Government came into office the accrual of interest on pension funds was not taxed — pension schemes could build up funds more quickly than other modes of investment in order to pay out benefits when members retired. Labour changed that and taxed interest on pension investments as it accrued; pension schemes which had aimed at paying out a …

Posted in Op-eds | Tagged | 6 Comments



Recent Comments

  • User AvatarAndrew Emmerson 24th May - 12:06pm
    Unless I'm reading this piece wrong - it seems that the objections were a mixture of very minor technicalities, and far flung policy ideas that...
  • User AvatarWilliam Hobhouse 24th May - 12:01pm
    The Lib Dem Campaign for Manufacturing has been very clear about the building blocks for a stronger economy. And R & D is a key...
  • User AvatarRichard S 24th May - 11:46am
    The key is not the raw volume of trade but the amount of comparative advantage gained, Most of the trade with similar economies in the...
  • User Avatartpfkar 24th May - 11:43am
    I think it will take a 'wrong' GE result for electoral reform to be a serious option again. Our equivalent of Bush vs Gove. Obvious...
  • User AvatarRichard S 24th May - 11:38am
    @Matthew Huntabach, - The top rate of tax in the UK is 45 percent. At what point would we not have an extreme market? Also...
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