Tag Archives: pensions

Daily View 2×2: 5 October 2009

2 Big Stories


Tory conference opens, and it’s time to party like it’s 1994

A few thousand Tories are converging on Manchester today, with two issues dominating discussion: Europe and welfare cuts. Ah, and there we were thinking The Major Years were but a distant memory.

On a more positive note, the Tories will be singing today from the localism song-book, with Caroline Spelman championing the party’s conversion to local control of local services – an interesting about-turn for an MP who opposed Scottish and Welsh devolution, and believes central government should impose council tax freezes from Whitehall.

Ministerial …

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Lib Dems force government climbdown on MPs’ pension increases

As the BBC reports:

Plans to raise taxpayers’ contributions to MPs’ pensions have been dropped, ahead of a Commons debate. A planned increase had been accepted by all parties in March but the government now says it will accept a Lib Dem plan to freeze the amount from public funds.

The proposal would have seen MPs’ own contributions rise by £60 a month, but the Lib Dems said taxpayers would have paid £750,000 more than last year. All party leaders have indicated that MPs’ final salary schemes must end.

The cost to the Treasury of MPs’ pensions has risen from

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Latest pension scandal to rock government

Rupert Jones reports for the Guardian:

… government ministers’ pension pots are defying the stock market slump and are up by 10% in a year, it emerged this week. Research by the Liberal Democrats revealed that high-profile ministers have pension pots worth more than 10 times the average in the private sector. Gordon Brown has a personal ministerial pension pot of £274,000. Justice secretary Jack Straw’s is £294,000 and chancellor Alistair Darling’s is £235,000. Lib Dem work and pensions spokesman Lord Oakeshott says: “Ministers and mandarins live in a pensions time warp. They look like the first world war general

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Recent Comments

  • Simon Robinson
    @Roland. Yes strictly speaking you are correct that it's the individual who chooses to view high taxes as a disincentive. But realistically, the vast majority o...
  • Richard Treadwell
    Do you think we need to spell out how we'll pay for our expensive tax cuts and defence investment? Surely, rejoining the single market/customs union (valuable a...
  • David Raw
    "David Chadwick launches bid to be Welsh Lib Dem Leader"..................... how can he 'launch a bid ' when he is the only qualified candidate ?...
  • Mick Taylor
    @Tristan Ward. I do think that we do need higher tax rates than we have for the very rich and some way of taxing wealth, probably through land or property taxat...
  • Dennis Delice
    Hear hear! We need a rooted progressivism that values the individual within a democratised economy, including having stake in their community. I think we need t...