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

The School That Proves Michael Gove Was Right | Toby Young
Full Jenkin/Beckett/Straw Letter to PM | Politics Home
The ‘Buckingham Bonaparte’ is Cornered | Speccie
Coalition: The Movie | Indy
Lefties Moan About Messina Working For Cameron | MSNBC
Karen Danczuk V Louise Mensch: Round 48 | Sun
Jack Straw Slams Bercow | Sky News
Putin Shuts Down Red Square McDonalds | Telegraph
Paper Trail Suggests Ashcroft Still Funding Tories | Indy
Bradford Bun Fight Coming | Speccie
Former Minister’s Join ‘Canberra Caterer’ Outcry | The Times


new-advert
Westbourne-Change-Opinion hot-button


Lord Glasman tells it like it is:

“The first thing is to acknowledge that Labour has been captured by a kind of aggressive public sector morality which is concerned with the individual and the collective but doesn’t understand relationships.”



Owen Jones says:

We also need Zil lanes.


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 1,420 other followers