IMM wrote:

They didn't. And the state pension is not invested. The pensions are paid

That is the case now, but it was not the original intension. NI was
originally to be paid into a fund. Needless to say, governments could
not keep their hands of it.

out of current taxes. A problem previous governments never addressed. Or

and the current one has worsened to the tune of 6bn / year...

them are only doing what any MBA student would do. Private companies lead to
greed...overt greed with the customer a mere hindrance. The fats cats show

snip lefty clap tarp

--
Cheers,

John.

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