February 27th, 2009

Prescott’s Pension Hypocrisy

Prescott was on the Today show this morning complaining about Fred the Shred’s pension “rewards for failure”. How ironic that this is in fact an area of particular expertise for Prezza.

When he was sacked as Deputy PM, for generally being an embarrassing incompetent, he kept hold of his pension perks – including additional pension contributions from taxpayers even though he wasn’t working for them. Blair even let him keep two grace-and-favour homes, while stripping him of his departmental responsibilities. At the time opposition politicians railed at Prezza’s “rewards for failure”.

Lord Oakeshott, the LibDem pensions spokesman, said at the time: “First it was two Jags, then two pads. Now it seems we have two pensions Prescott. No fat-cat director in the private sector would dream of awarding himself such a generous pension for a part-time job.”

Chris Grayling accused Blair of misusing taxpayers’ money by keeping Prescott in government, said: “Just this extra pension cost to the taxpayer of keeping John Prescott in his position could have paid for four additional nurses. That is without other trappings such as his official residence and his ministerial car.”

Even Labour MPs like Geraldine Smith were stunned; “I think it is outrageous that the Deputy Prime Minister loses his department but keeps his position, his salary and the perks of the job. It seems absolutely astonishing.”

Prezza’s pension pot makes him a multi-millionaire, courtesy of the taxpayers.

UPDATE : It is satire that writes itself to know that Lord Myners of Short Selling chaired what was known as the Treasury’s “Myners Review” into the good governance of pensions.



Seen Elsewhere

Hunt Told Off By Former Head | TES
Scrap Tax on Family Flights | ConHome
Has May Declared War on Downing Street? | James Kirkup
The Nasty Left | Dan Hodges
Men Flock to UKIP | Andrew Cadman
London-Britain Divide | Alex Wickham
Pickles Puts Prezza’s Surplus Stationary to Use | Speccie
How Capitalists Can Win the Argument | CapX
Theresa May, or Maybe Not | Spectator Life
YouGov: Working Class Prefers UKIP to Labour | Times
Sainsbury’s Disowns Left-Wing Blogger | Mail


Find out more about PLMR AD-MS


A ‘senior Conservative party official’ passes judgement on Theresa May:

“She is boring. A technocrat. She is Philip Hammond with a fanny. Not interesting, but rendered interesting by circumstance. And that circumstance is that she is a woman. And in an age when the Prime Minister gets it in the neck for refusing to wear a fucking T-shirt that says he is a feminist, that is a rocket boost right underneath you.”



Left on Left says:

The lefties are attacking because the panellist is a millionaire and lives in a London home worth upwards of two million. Someone had best tell them he’s called Ed Miliband.


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS




AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,608 other followers