May 9, 2005

LABOUR IS REPUBLICAN:

Pension crisis leads Blunkett to consider compulsory savings (FRASER NELSON, 5/09/05, The Scotsman)

EVERYONE in Britain could be forced to divert a share of their salaries into pension funds after David Blunkett, the new Work and Pensions Secretary, put compulsory saving back on the agenda yesterday.

His decision to consider all options, including a pensions "tax", represented a major government U-turn, coming only four weeks after Tony Blair, the Prime Minister, ruled out the idea of compulsory pension savings.


Posted by Orrin Judd at May 9, 2005 8:33 AM
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