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Silent Majority Speaks

Rescuing Democracy in the United Kingdom from our current Elected Dictatorship

Pensions scandal hits Brown leadership bid

Brown can't say he wasn't told of the risk to pensions

Sorry, run that by me again ...

The Treasury's defence of Gordon Brown's 1997 action on pension fund tax credits are weasel words trying to persuade us of a conceptual roundabout. Apparently, pension funds are supposed to enjoy the benefits of the enhanced prospects created for their investments by the abolition of their credits.

This is like telling a bunch of pensioners whose money has been stolen that the thieves will be heading straight for the supermarkets where the money they spend will boost sales and help reduce prices for everyone.

C.R. Palmer, Bulwell, Notts.- Daily Mail, October 20, 2006

Spin, not face-to-face confrontations with the voters, is the Government's chosen method of communication. Ordinary people are dangerous. Ordinary people might ask a question which throws a politician 'off message'; the Cabinet member might reveal himself or herself to be a human being like us, and not a programmed android. Worse still, he or she might tell the truth.

Ann Leslie - Daily Mail, September 16, 2004

Chancellor Gordon Brown cannily distanced himself from every Government cock-up. Sleaze, Iraq, the NHS, problems with immigration, education, transport, crime - all have been laid at the door of Tony Blair. But the pensions crisis is Mr Brown's alone. It was his decision to steal £5billion/year out of private pensions and he failed to anticipate the growing crisis in the industry. Blair supporters at Westminster are delighted. Will this kill finally Mr Brown's leadership ambitions?

Ephraim Hardcastle - Daily Mail, October 14, 2004

Tony Blair needn't worry about his pension. Although he hasn't contributed a penny, he's guaranteed to collect half his PM's salary - regardless of how long he stays in office - and two-thirds of his MP's salary. At current rates, the package is worth roughly £100,000/ year. Last year the market cost for a pension that size was about £3.2million. Of course, that will be a fraction of Mr Blair's retirement income from directorships, memoirs and speechifying.

Ephraim Hardcastle - Daily Mail, October 15, 2004

Just two exemptions to downgrading public sector pensions: MPs and judges. So that's Tony and Cherie sorted then.

Frank Armitt, Stoke-on-Trent - Daily Mail, December 14, 2004

Brown the destroyer

With the pending election, pensions are an issue, but nothing has been said about the tremendous damage done to them and to the savings market in general by the worst Chancellor ever, Gordon Brown.

As soon as he sat in the Chancellor's chair, he began taking £5 billion out of pensions every year and has now filched £40 billion. This caused the 'black hole' in pension funds, with fund managers having to sell billions of pounds worth of shares to buy bonds, pushing an already failing stock market into a vicious downturn, which forced insurance companies to do the same.

Some insurance companies were obliged by FSA rules to sell shares at the bottom of the market, resulting in the poor performance of endowment plans on which many people depended to repay their mortgages.

The damage Brown has done to pensions and the savings industry should be publicised. Even the Conservatives talk about Brown's 'changes to the taxation of pensions' without spelling out the chaos he has caused.

J. A. Lawrence, Selly Oak, Birmingham - Daily Mail, April 21, 2005

The Chancellor's single greatest act of vandalism in almost nine years in office has been his wanton destruction of Britain's private retirement industry. By slapping a massive tax on pension funds, now worth £7.3billion a year, he has helped to turn the best private retirement industry in Europe into a basket-case in perpetual crisis. Together with the adoption of European accounting rules - which make it much riskier to operate a company pension scheme - hundreds of firms have shut their final salary plans to new employees and slashed benefits to existing staff.

From Allister Heath: "I've seen the future and its grey" in THE SPECTATOR - April 15, 2006

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Two nations

Comment - Daily Mail - October 21, 2005

Is there no limit to New Labour's encouragement of an ever more bloated army of civil servants? First, it presides over a 600,000 increase in the public payroll. They it awards senior officials pay rises that far outstrip those generally available in the private sector.

But the real damage was inflicted this week, when Ministers feebly caved into the unions and conceded that state employees can still retire at 60, though the £700 billion cost of their pensions far exceeds the national debt.

And every penny, of course, will come out of the wealth created by the private sector, where millions of workers have no decent pension of their own and are faced with the prospect of working till they drop.

Now comes the final insult. Civil servants are to be bribed for turning up to work. If they cut back on their days off sick they will receive handsome bonuses, yet again at our expense. So far the scheme is limited to the Department of Work and Pensions. Would it surprise anybody if it becomes standard practice across Whitehall?

Two nations indeed. How wide the chasm grows between a privileged state sector and those who create the wealth , do the productive work and have to keep on paying.

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"Britain's pension industry was once the envy of the world until Gordon Brown got his hands on it. There hasn't been a swindle like this since Robert Maxwell. At least Captain Bob had the decency to top himself when he got found out."

Why don't the Tories just brand Gordon Brown as THE MAN WHO STOLE YOUR OLD AGE? It would stick - and it would finish him, especially as the Chancellor can look forward to a fat-index-linked pension, funded out of our taxes, when he retires.

Thanks to Gordon's greed and fiscal incompetence, millions can only look forward to a pretty miserable old age. Now public service staff are threatening to strike over plans to end the 'Rule of 85', which allows them to retire early on full pension. I thought that was the rule that meant that the rest of us are all going to have to work until we're 85.

Littlejohn - Daily Mail, March 17, 2006

The Chancellor's single greatest act of vandalism in almost nine years in office has been his wanton destruction of Britain's private retirement industry. By slapping a massive tax on pension funds, now worth £7.3billion a year, he has helped to turn the best private retirement industry in Europe into a basket-case in perpetual crisis. Together with the adoption of European accounting rules - which make it much riskier to operate a company pension scheme - hundreds of firms have shut their final salary plans to new employees and slashed benefits to existing staff.

From Allister Heath: "I've seen the future and its grey" in THE SPECTATOR - April 15, 2006

April 6, 2007 (1407 days since war ended)

Death Toll: 3267 US - 140 UK - >650,000? civilians - 25 media

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STOP PRESS

Pensions apartheid

The Man Who Stole Your Old Age

Brown’s pension tax bombshell has forced up council tax, claim Tories

Conservatives call for independent investigation into Gordon Brown's multi billion pound raid on Britain's pension funds

Who'd vote for the pension snatcher now?

Brown has made it pointless saving for a pension

Brown 'railroaded' £5bn pension raid

Pensions scandal hits Brown leadership bid

Brown can't say he wasn't told of the risk to pensions

The unkindest cut of them all

Pensions hit by double whammy

1 in 10 is working past 65

Brown's pension raid 'cost savers £100bn'

"Pension reforms dangerous"- Frank Field

Labour 'worse than Maxwell' on pensions

Sorry, but they've made a mess of it

Public sector pensions at soaring cost

The great pensions disaster

Government fiasco

Brown and Blair, two guilty men

Millions more from taxpayers to fund MPs' gold-plated pensions

Either Gordon goes, or I do

A missing pensions inquiry

Pensions: How this Labour Government betrayed us

Pensions shortfall could be £160bn, economists warn

Another pensions retreat as Labour caves in to firemen

100,000 more work on past retirement age

Brown knew pension fund raid would rob employees of £12billion

Brown 'hiding the truth over £180bn pensions shortfall'

Pensions - the final insult

Pensions blame game fiasco

Pensions - why things can only get worse

Gordon Brown's Pensions raid will return to haunt us

After eight years of promises, Labour kill the pension reforms meant to solve the crisis that THEY created

CBI chief's farewell barrage on pensions

Public pension bill rockets

Sorry, you've got to work longer

Half of British workers don't have a pension

Pensions chief attacks Brown's £5bn/year raid

PENSIONS: THE GREAT DIVIDE - THE GROWING GAP

Why Pension Credit 'can't be sustained'

Admission of a pensions crisis ignored for far too long

Business lesson for Labour

Pensioners warned of £1.7bn fuel cutback if Labour win

The great pensions black hole

Tories put £1.7bn in pension pot

The Road to Ruin

1980s

Chancellor Nigel Lawson taxes surpluses in company pension schemes. State pension is linked to prices rather than earnings, leading to smaller increases.

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1988

Personal pensions launched. Rebates offered on National Insurance to encourage take-up.

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1992

First indications of widdspread mis-selling of personal pensions. Discovery that Robert Maxwell had robbed Mirror Group pensions.

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1995

Pensions Act introduces new but ultimately inadequate protection for company schemes.

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1997

Labour Government plunders £5billion/year from pensions through tax changes.

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2000

Equitable Life collapses, further denting confidence in personal pensions. Stock market bubble bursts, wiping milllions from company and private pension funds. This leads to a downward spiral as pension funds are forced to sell shares to stabilise pushing share prices lower still.

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2001

Stakeholder pensions are launched, providing pensions with low charges and more flexibility, but they mainly attract high earners.

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2002

Steelmaker ASW fails, leaving thousands of workers without pensions. More pensions schemes wind-ups follow, devastating pensions of an estimated 70,000 workers.

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2003

Pension Credit is launched, subjecting 40% of pensioners to means-testing. It is linked to wages inflation so islikely to grow faster than the state pension, putting into question the logic of saving for low earners.

Howard sounds alarm over compulsory pensions plan

Michael Howard in £1,000 pledge to the elderly

A better life for Britain’s pensioners- by Michael Howard

Pensions nightmare enough to turn your hair white

Filling pensions black hole 'may put 4p on income tax'

Pensions tax break for civil servants

Pensions: We'll make you save - Bombshell as Labour tries to solve the crisis IT created - December 14, 2004

Pension schemes crisis 'could mean £22bn stealth tax'

"Let them eat tax credits: Mr Brown's policy is to let the old get poorer," writes Simon Jenkins in THE TIMES - October 13, 2004

Key findings - Adair Turner Pensions Report - Mail, October 13, 2004

"Labour and a Pensions Black Hole - Brown and Blair have wilfully dug themselves into a pensions pit. Now YOU will have to dig them out ....", writes Alex Brummer, Mail City Editor - October 13, 2004

Don't grow old in Blair's Britain - Comment - Mail , October 13, 2004

The Conservative Party will save your Pension

Pensions - the price of neglect

Comment - Daily Mail, September 13, 2004

Has ever a Government so carelessly or needlessly squandered a national asset? In 1997, this country had the best funded system of private pensions in Europe. Today that system is in tatters, with millions who thought they had saved enough to pay for their retirement now facing penury. And what do you think the Trade Unions are doing about this problem? Read this letter about the Union of Silence.

Meanwhile, the number of companies offering a scheme linked to final salaries has plunged. The crisis is so bad that New Labour is considering compelling workers and their bosses to save into pensions. The tragedy is that the present difficulties are unnecessary.Fund managers, who should have allowed for the fact that their obligations will increase as people live longer and that share values can fall as well as rise, are partly responsible. But the real blame lies with a Government which helped open the chasm in company schemes with its £5billion a year annual tax raid. Had that money instead been invested by pension funds, experts say there would now be an additional £100billion in assets.

And, don't forget that seven years ago the then Pension Minister Frank Field warned of the problems - but rather than address them, Tony Blair sacked him. It may be that compulsion is the only way to ensure people have enough to look after themselves in old age. But doesn't it speak volumes about new Labour that yet again they are considering another stealth tax on hard-pressed, overtaxed companies and working people to foot the bill for their policy blunders.

Do you want your own State Pension to be means tested?

Pension Credits, introduced by Gordon Brown, are the degrading 'means-tested' benefits, which require claimants to reveal details of their life and property in cumbersome forms, wrapped in bureacratic red tape. It is the equivalent to begging from the State. And if it does not affect you now, it will get you one day unless something is done about it. But what?

For a start, read this to see how we have got ourselves into this mess. When you've done that, download this document and spend an hour reading it using Adobe Acrobat Reader. If you have any difficulties downloading please contact the webmaster.Now ask all the candidates wanting your vote in your constituency the following questions:

Do you agree to means-testing of the state pension being scrapped and end pension credits for good?

Agree strongly
Agree
Disagree
Disagree strongly
Don't know
Don't care

Please click one of the links above to cast your vote

Current results

The Conservative Party will save your pension

by David Willetts, from a speech by shadow Work and Pensions secretary to the Tory conference in Bournemouth - October 2002

Do you know how many pension schemes have wound up since Labour came to office? A shocking 10,300. And of course you know how much Labour have taken from our pension funds with the worst stealth tax of the lot: £5billion a year.

And as our pension funds lose value, what do Labour do? They drive people on to means-tested benefits instead. Just about everyone agrees that we need to reverse the spread of means-tested benefits and improve incentives to save by increasing the value of the basic state pension. It's not just us. It's business and trade unions. It is the pension funds and pensioners themselves. There is a progressive consensus that Conservatives have helped to shape.

But Gordon Brown is not part of it. Instead he penalises our savings and means-tests our benefits. That's not just an innocent mistake. He really wants to determine everyone's income down to the last pound. It's what old Socialism and new Labour have in common. And it doesn't go with the grain of human nature.

Conservatives understand, as we always have done, the human need for dignity and security. The moment a Conservative government is in office we will send out a clear instruction that the pension should be uprated by earnings, not prices. We can take one million pensioners off the means test in our first parliament. We are not going to abolish the Pension Credit, but it will gradually be replaced by the higher state pension.

We save money on means-tested benefits that pensionsers don't like in order to put more money into the basic state pension, which they do. And we will get more money into pensions by abolishing the New Deal, which hasn't worked.

Longer, healthier lives are great news. When we're told we must look at them as a threat, how badly are we going wrong?

Ride the bas back

The Tories have admitted that Margaret Thatcher made a mistake when she broke the link between earnings and the basic state pension 25 years ago, although it was considered to be prudent at the time, with stock market investment for private pensions being a financially healthier option. The plan to restore the link in a move would leave a retired couple with £11 a week extra in the first year. The pensions crisis is considered to be as big a threat to our way of life as terrorism or global warming. Alex Brummer, City Editor of the Daily Mail writes about the Pensions nightmare that's enough to turn your hair white.

Why Pension Credit 'can't be sustained'

Do you agree that state pensions should increase with earnings rather than with prices as it is at present?

Agree strongly
Agree
Disagree
Disagree strongly
Don't know
Don't care

Please click one of the links above to cast your vote

Current and prospective Parliamentary candidates of all Parties running for election could share a platform at public forums in every constituency. They would be presented with  the results of polls on this issue expressed by the majority of voters in that constituency.

The candidates could be asked if their own views and that of their Party manifesto corresponded with the polls, and if not, how they intended to represent the will of the majority of local voters.  Local and National Press, Radio and TV coverage would be arranged and the results published on this web site.

Here is another powerful strategy for using your vote effectively in the forthcoming General Election. Send your sitting and prospective MPs a letter defining your requirements if they want your vote. This example deals with the proposed EU Constitutional Treaty.

Your letters would end: "If you do not answer this letter, I shall take it that you intend to follow the Government line. I shall act accordingly in the forthcoming General Election.

Blair's defiance of the will of the majority of we, the people of the UK, over the invasion of Iraq must be exposed by voters as a matter or urgency, and not just in the two by-elections we have had this July and the European elections in June 2004. But how can this be done.

The most effective way of getting our deceitful PM to resign would be to mobilise the army of Labour MPs currently in the House of Commons and get them to demand it, the loss of their seat to be a penalty if they did not. All voters in Labour-held constituencies need to write a letter along these lines to their local Labour MPs:

Here's one way to get Tony Blair to resign:

Dear

Despite his absolute and unequivocal assurances over the past year of the serious risk to our security of Saddam Hussein's 'weapons of mass destruction', Prime Minister Blair has admitted, that the threat was non-existent. For that critical error of judgement and for his gross incompetence in handling this very important issue, I ask you to take immediate steps to ensure that Tony Blair does the honourable thing and resign without delay..

I would therefore be much obliged if you would propose and help mobilise a Parliamentary vote of 'No Confidence' in Mr Blair which, despite Labour's huge majority, would leave the PM with no option but to resign.

If I get no reply to this letter, I shall assume you will continue to support Mr Blair as our Prime Minister. In such circumstances I shall not vote for you in the forthcoming General Election.

Signed:

Simple, non-violent, protest letters along these lines on a variety of issues could be the basis for re-vitalising our democracy and increasing voters' interest and participation in politics. Download a printable copy of the above letter here.

Or why not create a questionnaire that you send to all the candidates in your constituency, getting them to give yes/no answers to questions of your choice, and ending it with the same paragraph(above).

Download a printable example of the questionnaire.

It is high time for the people of this United Kingdom to stop allowing themselves to be manipulated by politicians. We need our representatives in Parliament to genuinely reflect the view of the majority in their own constituency, even if this means going against their personal and/or their party's policy. While they may argue their case, hoping to change the minds of the majority in their constituency, they should ultimately be obliged to reflect the majority view of those who elect them. 

It will be argued by politicians of all parties that most voters don't have the knowledge necessary to express an opinion on important subjects at issue, and that our vote is a form of delegated democracy. We should argue that it is their duty to ensure that we voters do have ready access to such information as is necessary to form an intelligent opinion. That, after all, is one main purpose of Opposition Parties in our Parliamentary Democracy.

Most important of all, such proceedings would rekindle in voters their latent interest and obligation to cast their vote, knowing that the candidate of their choice would be more likely to act in accordance with their wishes. A much higher turnout in elections would be the result.

Contact your local Party Chairman. Gain his support for setting up public forums in your constituency on these, as well as any other relevant topics, well before the next General Election expected in 2005. You should then, depending on the integrity of the candidate of your choice, feel fairly certain that your view on any subject being debated in Parliament will more accurately be reflected by your representative in that assembly.

PLEASE  LEAVE  YOUR  MESSAGE  HERE

 

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Ride the bas back

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