On Tue, 07 Mar 2006 23:38:53 +0000 Andy Hall wrote :
..... and raiding of pension funds. That will make all of the
above but a mere bagatelle. Now who was it who did that?

Well initially the directors of lots of companies who took pension
fund contribution holidays and paid the money out to shareholders
instead.

"Collectively, according to Inland Revenue figures, employers saved
almost £18bn during the 1990s pension holidays - although staff were
forced to carry on making payments"

http://www.guardian.co.uk/guardian_j...257581,00.html

The article is not very kind to Gordon Brown either, though it does
point out that the removal of pension fund tax credits was partly to
fund a cut in Corporation Tax - SDA is a company and we now pay 19%
v. 23% ten years ago - the sort of tax change the Daily Mail never
mentions!

--
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