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Sunday, October 15, 2006

Brown's raid on pensions costs Britain �100 billion

According to independent research quoted in the Telegraph Brown's raid on pensions costs Britain £100 billion. To put it in context "This is more than twice as much as the combined pension deficits of the country's 350 biggest companies."

Maybe that's why St Tony the Smarmy won't endorse Gordon. St Tony realises that he has disenfranchised those people who had the temerity to make provision for their future.

The calculation comes at an unwelcome time for Mr Brown, who has tried to reassure voters that he will be a prime minister "for Middle Britain" as he seeks an orderly hand-over from Tony Blair.

Hold on! Gordon has victimised, stolen, and pillaged Middle England (note the qualification of England, rather than Britain) for 10 years. This is a bit like getting a good kicking from a thug, who then comes round to ask if you'd like him to do any odd jobs round the house.

Oh, and by the way, the research conducted for the Institute of Actuaries may have under-called it. It could be as high as £150Bn. Apparently

Derek Scott, who was Mr Blair's senior economic adviser for six years, said that the Prime Minister disagreed with Mr Brown's decision to remove relief, but the Chancellor "pushed it through" anyway.

So let's lay the blame firmly at Gordon's door. George Osborne, the shadow chancellor, said:
"Gordon Brown's pension raid was one of his first and worst acts as Chancellor. Pensioners will be paying a heavy price for many, many years to come."
Gordon, you do not deserve to continue in office at all. Let alone become Prime Minister. You will never represent Middle England... and you cannot come round and do odd jobs for the Gorse Fox.

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