June 30th, 2011

Striking Thoughts

There is one group of public sector workers with gold plated pensions who don’t seem to be suffering. If “we are all in it together” maybe the government should take a look at their pension entitlements, which will make private sector workers drool with envy. Compare these two average pensions within the public sector; after a career of risking his life for his country a soldier gets a £7,987 pension, after a life of wind-baggery combined with drinking in subsidised bars and fiddling expenses the average MP gets a £21,364 pension. If they become Ministers the sky is the limit. Multi-millionaire John Prescott’s pension pot has £1.5 million in it. Gold plating at an unaffordable level.

For those in the private sector who had their pensions disastrously raided by Gordon Brown, wrecking Britain’s private pension system, today’s strikes might leave them wondering if they should have gone on strike in protest at his 1997 stealth tax raid. Taxes that Gordon used to splurge on the now striking public sector. Small businesses don’t go on strike, usually owner-run or family businesses, staffed by people who are friends and family, who would they strike against? Today is the last day of the month, many small business owners will be struggling to making enough money to cover the payroll, totting up the VAT they collect for the government and the taxes they have to pay for merely employing people. Imagine if they, the taxpaying backbone of the economy, went on a taxpayers’ strike. It could lead to great changes


267 Comments

  1. 1
    Billy Bowden is the greatest umpire ever ! says:

    I have nlong suggested a tax payer strike.

    O/t Dave might be getting the message.

    http://www.dailymail.co.uk/news/article-2009682/EU-snubs-Cameron-triple-tax-grab-close-aides-ask-time-Britain-quit-Europe.html

    Like

    • 8
      David Laws Lib Dem fiddler says:

      Spot on Guido. Mad MAude is now claiming how many people need to be made redundant to pay for pensions unless they can come up with an idea. I have an idea, scrap overseas aid, get out of Europe, cut immigration, no more Middle East wars and stop bail outs to EU countries. The we could start by reforming banking, and politics that created the mess in the first place.

      Moreover, cut Whitehall staff whose pensions are far better than the soldiers risking their lives and the Whitehall brigade can not even provide them with decent equipment. it appears procurement needs a radical change because they can not provide or contract to buy submarines and aircraft carriers. The head of procurement needs to be sacked not given a pension.

      Like

      • 28
        David Laws Lib Dem fiddler says:

        Politicians are still getting RPI not CPI like the rest of us. Wet CaMoron failed to mention this in his answer on MPs pensions yesterday. McDoom and Milipede still ratchet up pensions pot while absent doing their second job- which is paid into their limited company to avoid paying income tax. MPs, once more, exempted themselves from paying tax on expenses and from the tax loophole legislation they recently brought in for everyone else.

        All in it together Wet Dave?? Start cleaning up politics, as it was this group of people who created the mess in the first place. Then try a bit harder on bankers.

        Like

        • 56
          Postlethwaite says:

          ”which is paid into their limited company to avoid paying income tax”

          How does that work exactly?

          There are thousands of small private limited companies out there who would like to know. Do tell

          Like

          • Smig says:

            Keep it to yourself but…
            Isle of Man. Guernsey. Bermuda.
            You ain’t seen me. Right?

            Like

          • Anonymous says:

            It’s been posted on here that that by taking profits as Director’s remuneration from a company, you pay corporation tax, rather than income tax, which is levied at a far higher rate.

            Find a friendly accountant and have a chat.

            Like

          • Robert Gabriel Mugabe's Aching Prostate says:

            Find a tax-savvy chartered accountant who speaks your language as a business owner-operator and have an exchange of ideas.

            It will be one of the best uses of an hour you will ever have in business.

            Like

      • 103
        Iloathlefties says:

        Thank you Guido for highlighting this scandal. MP’s and the political class needs serious reforms and an understanding of true democracy. They are employed to carry out our wishes NOT their own. So reform your pensions, the same as all public sector workers and increase your contributions, reduce the annual accrued benefits (1/60th) and have an average salary at the end of your period with CPI NOT RPI increases.
        Then give us our In/out referendum on the EU, stop ALL immigration, repeal the Human Rights Act, stop foreign aid and make all foreigners pay for their health and public services. Why should British taxpayers support them? No other country would!
        It’s not difficult EVEN for our stupid politicians

        Like

        • 227
          David Laws Lib Dem fiddler says:

          Postlethwaite- Footballers make themselves a limited company so they do not pay income tax on their earnings. HMRC challenged it in 90s and lost. Ever since those who would rather pay the lower corporation tax ie Blair, Milipede and Brown make themselves a limited company to pay lower tax.

          Like

      • 231
        Rufus T. Firefly says:

        Why are 23000 employed in defence procurement?

        Like

        • 235
          David Laws Lib Dem fiddler says:

          A wimp junior Lie Dem minister snuck news under the door yesterday, when everyone was thinking about strikes, that legislation is being introduced for everyone to pay for their care homes.

          Presumably this is why politicians want us to pay for their second homes which will pay for their elderly care at our effing expense. Hypocrisy once more. Guido, you need to get on this double standard scandal as well.

          Like

          • David Laws Lib Dem fiddler says:

            Politicians second homes are part of their pension pot and should be heavily taxed or given back to the state as promised by lying Clegg.

            Like

    • 10
      Tax Payer says:

      Of course, with PAYE that is impossible.

      Nice idea, though.

      Like

      • 13
        Billy Bowden is the greatest umpire ever ! says:

        Not really, If your employer agrees and supports the strike (and every other small/medium buissnes di) then it would be quite effective, HMRC would go into meltdown.

        Like

        • 205
          Osama the Nazarene says:

          …and fine every employer refusing to hand over the goods! Nice thought but not too clever.

          Like

    • 21
      A worker says:

      Yeah, I really pissed off with the unions, today saying they are fighting for ALL workers. As usual in it for themselves… where were the strikes and outcry when that damm fool Brown raided my pension pot… they even voted for him again. A pox on them…!!

      Like

      • 35
        Osborne fucking the economy says:

        This was over £10bn a year. Looks like, today we have free border, anyone can get in.

        Like

    • 23
      Up sh1t creek says:

      It’s not just MP’s pension rising, Labour MEP’s voted FOR a rise in the EU’s budget.

      Like

    • 25
      Osborne fucking the economy says:

      MPs are getting much more than £21,000 pension its 2/3 of £65,000. For a lot of MPs being an MP is not their first job, its only a part time job.

      Like

      • 37
        Ex-Labour voter says:

        Like Gordon Brown?

        Like

      • 113
        Iloathlefties says:

        Its not like MP’s have to think about anything special as over half the laws are made in the EU and they are TOLD by the whips how they will vote. Moiney for old rope. They should reduce the nunber to 200 at most and cut their salaries. Expenses for receipts only.

        Like

    • 32
      Ex-Labour voter says:

      “British taxpayers would have to pay £10billion more over the seven-year period – an increase of £1.4billion a year on the current British annual payment of £13.3billion.”

      We’re already paying £13.3bn? I thought it was ‘only’ £10bn.

      Camoron, Milimong and Clegg can swivel. We are being fleeced.

      Like

      • 232
        David Laws Lib Dem fiddler says:

        ONS and government can not agree what the UK contribution to the EU is. The government provides the lowest possible figure. The actual figure is either £17 or £14 billion before rebate. they provide the lowest possible figure after rebate.

        Like

    • 50
      Osborne fucking the economy says:

      This is just the start, its going to become worse. As things are only question is; will hospitals close and police officers go on strike. We need a government with a mandate not made out of idiots.

      Like

      • 53
        Billy Bowden is the greatest umpire ever ! says:

        well that rules out labour then.

        Like

      • 58
        Peter Mandelson says:

        I’m all for government man dates.

        Like

      • 100
        Ex-Labour voter says:

        No! Not the police going on strike.

        Instead of there being no police on the streets, there will be no police on the streets!

        Oh, tremble, for we are doomed!

        Like

        • 163
          Nemo says:

          That is a thought, it must quite a few years since I saw a Bobby on my town’s streets, often see them in their little cars either just going within speed limits or racing passed with the blue lights flashing or maybe when they are having a practice emergency race past with anywhere up to 5 cars (they back 10 minutes later), but not doing any pounding the streets, they see nothing in cars but learn a lot about the area by talking to the locals.

          Like

        • 212
          Smig says:

          Plod only roams the streets when:
          They’re in pairs.
          They’re in a car.
          It’s sunny.

          Like

      • 142
        Osborne fucking the economy says:

        Any one remembers 70s? How long can this government last?

        Like

        • 149
          Ex-Labour voter says:

          Probably about another 9 years, minimum.

          Like

          • Ex-Labour voter says:

            Actually, no, it won’t. The coalition will last another 4, and then probably 5 years of Cons after that.

            That parasites’ society headed by Milimong might get another look-in in the 2020s. Maybe a bit later.

            Like

          • Budgie says:

            A lot of people gave CMD a chance since the Bliar/Brown Labour party had made such a god-awful mess of, well, everything. But they won’t vote for him again. Liebour/LimpDims is a possibility, but it doesn’t matter much because we are ruled from Brussels anyway.

            Like

    • 202
      grrrrrrrrrrrrrr says:

      How is it a fucking ‘power grab’ when it flows directly from the Lisbon treaty, which that PR slimeball hasnt the bollocks to get the UK out of.

      Like

    • 265
      Madness says:

      Don’t you just wish you could sack these striking scroungers? The public sector needs to quickly get real. It is unsustainable for the private sector to fund high pensions, high wages and low productivity. Improvements in productivity are needed. Show these improvements and then and only then talk to them about improving their conditions. At the moment the public sector are a drain on our resources.

      Like

  2. 2
    Scottspeig says:

    I believe that they are having the same rules imposed upon them. At least John Redwood thinks he is (so he said on Question Time).

    Like

    • 15
      Tax Payer says:

      Their pension pot was given a public injection a few years ago and is now probably the best, most secure one in the country.

      Bear in mind it only provides for a few hundred people at a time.

      Like

      • 208
        skinty says:

        TP: I think you’ll find that the Bank of England’s pension fund is somewhat better than MPs. After all, knowing what was to come, they did think ahead and stock up on index linked stuff before the rest of us had a look in. Bar stewards the lot of them.

        Like

    • 47
      Grumpy Old Man says:

      Those who were watching PMQ’s yesterday should remember the Q asked by a coalition back-bencher on the subject. Cameron replied to the effect that he was working on a plan to bring MP’s pensions into line with the Ps provisions. Pity that Parliament is following, not leading on this, as the piggy unions would have nowhere to go.

      Like

      • 73
        Anonymous says:

        The twat can plan whatever he likes, maybe even make it a cast-iron guarantee. Fact is the MPs won’t allow it, except in exchange for much more.

        Like

      • 214
        Smig says:

        It’ll be a fit-up.

        He’ll promise to bring pensions in line with the rest of us, then with the other hand he’ll double MPs salary.

        Duplicitous bastards the lot of ‘em.

        Like

  3. 3
    Billy Bowden is the greatest umpire ever ! says:

    It is funny the unions have the right to strike , people have the right to protest, But taxpayers dont have the right to withdraw from paying taxes ( as a protest).

    Guess it was true what someone once said “There are only two things certian in life, Death and taxes”

    Like

  4. 4
    Anonymous says:

    “For those in the private sector who had their pensions disastrously raided by Gordon Brown, wrecking Britain’s private pension system, today’s strikes might leave them wondering if they should have gone on strike in protest at his 1997 stealth tax raid.”

    Sounds like Guido’s calling for a more unionised private sector. I for one agree, surprised to hear it here though.

    Like

    • 7

      No, recommending a taxpayers’ strike.

      Like

      • 11
        Major Eyeswater says:

        The Greeks are way ahead of you. And Europe will oblige us all to make up the difference.

        Like

        • 17
          Tax Payer says:

          The Greeks don’t pay their taxes in the first place. That’s been one of their main problems.

          Like

          • Anonymous says:

            You mean the rich and self-employed don’t – Herr Guido’s sort of people.

            Like

          • AC1 says:

            You mean they don’t like being punished for being successful.

            Tax the value the state creates, not punish people for creating wealth.

            Replace income taxes with an LVT and an IPVT.

            Like

          • James dyson says:

            So the state creates intellectual property does it?

            fucking news to me.

            Like

      • 69
        Raving Loon says:

        Won’t happen unfortunately. Taxpayers are working and don’t have the time to strike. The few that may do will simply be accuses of being wealthy and greedy and will be sent directly to prison. Being a taxpayer is not that much different from being a serf. Taxpayers (especially those on PAYE) and serfs do not own their income, they are simply allowed to keep whateverthe government hasn’t found an excuse yet to spend. We could abolish income tax for the lowest earning 50% of the country and only lose about £18bn in tax revenue, which could be made up easly by leaving the EU and ending foreign occupations. Won’t happen though.

        Like

      • 70
        Spartacus says:

        Dim suggestion of the week entry?

        Taxpayers strike = legally binding fines from inland revenue et al

        Try again.

        (Or leave the country and pay tax elsewhere?)

        Like

        • 233
          Anonymous says:

          I did leave the Country and paid 79 pence in Tax for 2010 (Yes, that’s right 79 pence) Luvvely Jubbley

          Regards

          Like

      • 144
        Anonymous says:

        Don’t think it would work Guido;HMRC would impose & enforce the late payment penalties.Bailiffs making themselves targets under the new “legally entitled to defend your home” policy.Mayhem in the Courts.
        Hmmmm! Maybe you are right after all.

        Like

    • 72
      A Worker says:

      And now the unions are saying that THIS Government is pitting the private sector against the public sector… Brown did that years ago. Where the fuck were the strikers and unions when my pension pot was raided?

      Like

      • 256
        John Prescotts Ringpiece says:

        Like the victims of a confidence trickster they had their collective pocket picked and, judging by todays action they never even realised his deception. Shame.

        Like

  5. 5
    Drop a Daisy cutter on the BBC says:

    The solution is easy, convert all public pensions to private schemes and then let the public sector scum fund themselves.

    Have to say if 750,000 of them have gone on strike I can’t say I’ve noticed. Perhaps we don’t need them?

    Time to Ronald Reagan them all.

    Like

    • 129

      I’m in desperate need of a social worker at the moment. Also not sure if my diversity is being outreached sufficiently

      Like

    • 137
      AndyN says:

      Couldn’t agree more – the only time I was made physically aware that anything was happening today was when I saw it on the telly in the pub at lunchtime.

      How utterly embarrassing (and telling) when half a million “hard-working, devoted, committed public servants” don’t show up for work one day and none of the rest of us even f*cking notice?

      Like

    • 237
      Rufus T. Firefly says:

      I’m a self-employed courier in North Manchester. There are six schools on my round and every one of them was working normally today. Also listening to that idiot from the PCS on Toady this morning said he had “an overwhelming mandate” from his members for today’s action. Since when is 61% on a 30% turnout an “overwhelming mandate”. The law should be changed so that 50% of a union’s members must vote in favour of industrial action.

      Like

    • 241
      Jabba the Cat says:

      That deserves another video

      Like

    • 243
      Jim says:

      the average public sector pension is £7000 – not a lot – you are targetting the wrong people

      Like

  6. 6
    HenryV says:

    £90billion spending spree, flogging our gold, open door policy X million x Y benefits, and the product of illegal Belgian immigrant who hasn’t worked a day in his life. Got to love Labour.

    Like

  7. 9
    Patrick says:

    I think you make a valid point Guido aren’t we supposed to be all in it together? Furthermore an analysis I saw earlier on MindfulMoney by the economist Shaun Richards pointed out that it was not so long ago MPs were boosting their own pensions.

    “Also as we stand the changes to public-sector pension schemes seem not to have covered all of them. Having been a long-term critic of the pension scheme for Members of Paliament on the grounds of its generousity and changes which took place in the last decade to make it even more generous I would just point out that currently it seems to have missed the reform process. I am sure that this is a temporary oversight….”

    Perhaps in the spirit of “we are all in it together” MPs might like to reverse the improvements they made to their scheme?

    Like

  8. 12
    Drop a Daisy cutter on the BBC says:

    Why should Rupert Murdoch be forced to fund Sky News just because he wants to buy Sky the company he founded?

    Sky News should be funded by the TV tax and whilst we are at it ITV should be forced to start their 24 hour news channel again also funded by the TV tax, take the money off the scum at the BBC and let’s have more choice for news rather than just the BBC vermin.

    I’d like to see Murdoch start a UK style Fox News after all the left have the BBC, Al ‘Jiz’ era and of course Press TV, not to mention CNN.

    Like

    • 20
      Billy Bowden is the greatest umpire ever ! says:

      Would love to see a British Fox news.

      Last Glen Beck show tonight.

      Like

    • 27
      Mange Tout says:

      I concur with your sentement, furthermore I insist upon it.

      +1

      Like

    • 65
      WVM says:

      That would be a great idea and would even things out on the news channel front because lets face it sky news is hardly rightwing. Dave is defiantly missing a trick there and I’m sure the audience for it is there too.

      Figures shown are average newspaper circulations in the UK in Jan 2011.
      The Sun = 3,001,822
      Daily Mail = 2,136,568
      Daily Mirror = 1,194,097
      Daily Star = 734,311
      Daily Telegraph = 651,184
      Daily Express = 639,875
      Evening Standard = 601,960
      The Times = 457,250
      Financial Times = 383,067
      Daily Record = 306,872
      The Guardian = 279,308

      Like

      • 93
        South of the M4 says:

        Seems the Gruniard has lost c40,000 readers since 2008. Do you think they grew up – or maybe the new generation cannot read?

        Like

        • 245
          Jabba the Cat says:

          The younger generations prefer the Sun and Star as pictures are easier to follow than deciphering words and sentences, whilst the Mirror is a popular substitute for toilet paper ‘oop north amongst the brown satanic mill peoples.

          Like

      • 94
        Afghanistan Banana Stand says:

        Nearly 1.2 million people buy the Mirror.

        Is there a shortage of toilet paper?

        Like

        • 160
          Ex-Labour voter says:

          I was wondering that. A co-worker used to get it, god above, it is shockingly dismal. At least The Sun, even if you don’t like its politics, is quite entertaining, once you’ve waded past all the celeb gossip crap. But the Mirror? It’s about as much fun as cancer. You’d be better-informed about current affairs if you read Stalin’s tractor stats from 1950.

          Like

          • Anonymous says:

            Quite so. It wasn’t until I picked up a copy someone had left on a train that I realised that the -design- of the Sun is so very much better. It’s an odd thing to say but it’s only on seeing the layout of a tabloid paper being done so very -badly- that you realise that it is.

            Like

      • 118
        Richard Gott - KGB spy and Guardian journalist says:

        Poor old Guardian. The Beano probably gets more than that.

        If it wasn’t the house rag of universities, the BBC, local councils, NGOs, bogus charities etc… just who many actual paying punters would it have?

        Like

        • 127
          Drop a Daisy cutter on the BBC says:

          When you consider how many copies of the Guardian are sold to the BBC as well.

          funny that the lowest circulation paper has the highest profile at the state broadcaster. I wonder why?

          Can I just say I’ve never purchased a copy of the Guardian in my life and never will.

          Like

          • ichabod says:

            I dont think that the Guardian is as bad as it used to be—Simon Jenkins alone makes it readable when he writes for it, and some of the other scribblers are worth reading ( not Toynbee, or that Penny girl, obviously). But I was thinking about journalists that are genuinely unmissable, even essential reading these days–who are they ? These pages are full of complaints about the ghastliness of certain hacks ( Toynbee, Maguire, Hari and the like ), but who do contributors actually read for profit ? Whilst Littlejohn has popular appeal, and is fun, I find that Dominic Lawson is one I find informative and thought provoking.

            Like

        • 257
          Handycock, FSB Agent Shagger says:

          I can assure you Richard Gott is not a KGB Spy, for the simple reason the KGB does not exist anymore. It is now called the FSB, and I should know.

          Like

      • 152
        Dark Lord says:

        A lot of Independents are given away free in hotels.

        Like

      • 246
        Jabba the Cat says:

        Lol…tsk, tsk, Johann Hari and the Indy don’t even get a mention…

        Like

    • 89
      Anonymous says:

      A free hard-core porn channel would be more appealing.

      Like

  9. 14
    Voice of Treason says:

    To think Prescott that fat, foul champagne socialist receives such a good pension is sickening. But hey, most things about this cesspit country is rotten at present so why worry.

    Like

    • 33
      Arthur Kearney says:

      Did you think Pauline stayed with him for his good looks and charisma? and massive cock

      Like

    • 96
      Gonk says:

      Don’t forget his ‘personal appearances’.
      Contradiction in terms surely. Any product
      promoted by this lardy twat, I would immediately
      abandon and never buy.

      Like

    • 183
      joescotus says:

      i just looked at his face and heaved up my lunch

      Like

    • 242
      Handycock, No1 Trougher in Parliament says:

      I will be getting a nice pension as an MP. I will be getting another pension as a Councillor for Portsmouth, for 41 years, now holding the pension portfolio. I will be getting another pension as a Hampshire County Councillor. My wife will be getting a pension as a councillor on Portsmouth City Council. not bad eh mugs? I haven’t had a proper job for over 40 years and can barely read and write. Got to keep troughing, troughing. Oh and by the way, I am negotiating, at present for my well deserved Peerage, which will give me another pension. Boaz.

      Like

      • 258
        Katya says:

        Where are the legal costs you promised me, and has Vladimir sent you a new Intern yet? By the way you gave me herpes.

        Like

        • 264
          Herpes Handycock says:

          Sorry about the legal costs darling and the herpes. Vladimir has found me a new Intern, she is 16 years old and currently learning english.

          Like

      • 267
        Hiram Abif says:

        You are truly the Widow’s son, Brother.

        Like

  10. 16

    BBC 24 hours cuts coverage.

    Update live

    Our reporter is in Chester.

    “Well, there’s no potato painting going on here today. I expect these children will suffer in their colouring in tests. Harry Potter is going unread today. ”

    and at the council offices in Norwich..

    “Its a sad day. No equality targets can be attained today. Many boxes on forms are being left unticked.
    I saw paving stones with cracks in the high street going unfixed,as they surely would have been if there was no strike and the grass on the town’s roundabouts is millimeters higher today.”

    And at the port of Dover…

    “Yes, here they are no checks on anyone coming from abroad at all. But I understand they are not on strike here. This is just normal procedure.”

    Well, we’ll be back to let you know how the very fabric of society has been ripped apart by this lawful and necessary protest in just a few minutes.
    But first some more adverts for Luther-.

    Like

  11. 18
    Anonymous says:

    OT but I really do hope that irritating squealin squawking cow Sharapova gets fucked out of Wimbledon today. She and her ilk have almost ruined the womens game as a spectator sport.

    Like

  12. 22
    Stepney says:

    Speaking as one who has a 5 figure overdraft and has just this day written 5 figure cheques to the HMRC for Corporation tax and VAT (which fall on the same month), and knowing that the sods at the end of the line are all having a day’s holiday (to go with their 6 week entitlement and 3 statutory sick days), and having worked all last weekend and planning to work all this weekend, and not taking a holiday this year, then perhaps today is not the day I can sympathise with the Public Sector’s infantile understanding of economics or wilful ignorance of the sacrifices we undergo to keep them covered in fucking clover.

    Why do the risk-takers and the grafters suffer from such unjust punishment?

    Why the fuck do we bother?

    Like

  13. 24
    Bazz says:

    The protesters are revolting, or is it the revolting are protesting, what ever, in voting Labour they have now got what they voted for, an almost Bankrupt Britain, what are the Socialists moaning about, they brought it on themselves.

    Like

    • 190
      Anonymous says:

      Yes,but they have also imposed it on the rest of us.
      There is no easy or simple answer to the problems we have;perhaps it is the realisation of this that prevents Cam*ron from taking action on the obvious financial drains on the economy e.g. EU payments, ECHR,foreign aid,foreign wars, add your own choice; I can’t be bothered to list them all.
      We’re doomed I tell you,doomed.

      Like

  14. 29
    ian says:

    Exactly.

    The self-employed small business person in the UK is now nothing more than a labourer for the government and if they all decided en mass to withhold vat payments for example, well…….

    Like

    • 66
      Anonymous says:

      Need to get the FSB onside, to organise it – suspect you would get a very positive response from members ansd it would strike fear into the hearts of government.

      Like

  15. 31
    What I say is gas the buggers says:

    The comparison is bogus. Squaddies in the main are no-hopers from sink estates who are saved from a life on the dole by the Army so let’s not get carried away with all the crap sentimentality. We fawn far too much over the forces these days, it isn’t 1939 you know.

    As for MPs’ pay and conditions, MPs pay is shit that’s why you only get oddball professional politicians (PPE etc usually from wealthy familes eg Cameron, Millipede), or the already self-made who don’t need to earn proper money (Hunt, Hammond etc). We’ve had politicians jailed for snagging a few grand, which is wrong of course but it just shows how un-corrupt our system is, by comparsion to just about anywhere.

    Pay them decent salaries and watch the quality rise. I might be able to afford to for starters. Prescott was an MP forever and a minister for over a decade, hardly a typical example, 1.5mil equivalent would have been quite typical for a mid-level exec at a company who stayed in post as long as Prescott has.

    Like

    • 41
      Billy Bowden is the greatest umpire ever ! says:

      mps pay is shit?

      Backbench MP 64k (without expenses)

      minister 145k (without expenses)

      Average salary in the UK about 21-24k

      Like

      • 112
        What I say is gas the buggers says:

        Facile comparison. Average full-time male median earnings is £44k.

        I wouldn’t get out of bed for £64k, that’s what the middle-grade software developers I manage earn (private sector in case that’s not clear).

        Pay peanuts, get monkeys. Explains a lot don’t you think?

        Like

      • 130
        Nu Attack Dog says:

        MP’s pay IS shit. It ought to be doubled or tripled with a caveat. You are not allowed to become an MP without having succeeded in another career first whether it be teaching, medicine, engineering, banking or somesuch other. No more career politicians please.

        Like

    • 44
      Righty Right Wing (Mrs) says:

      Lord Prescott of Mock Tudor: No reward for failure.

      What kind of fuckwit actually defends that clown getting his extortionate pension – a pension paid for by taxing the very poorest in society into oblivion?

      Like

    • 86
      MPs deserve a slappin' says:

      Pay them decent salaries and watch the quality rise.

      Pity bosses don’t apply that same logic to ordinary worker’s wages then isn’t it.

      As for MPs – three times the average wage, a decent pension, every expense under the sun, several months off every year – not exactly hard done by are they?

      No, we get a shit a political class because of unaccountability, deeply ingrained cronyism and the toxic influence of powerful vested interests. None of these will disappear just by bunging MPs a load more cash they don’t deserve.

      Like

      • 210
        Budgie says:

        You are right. It is clearly not possible to double everyone’s pay and “watch the quality rise” for obvious reasons.

        Unfortunately MPs do get more than double. Anyone really thinks they are double the quality of the median male?

        Someone who earns more by supplying what their customers want more efficiently, deserves it, but anyone getting more money through scarcity, power, coercion and corruption doesn’t.

        Like

    • 223
      Mascarpone, I scream says:

      I seem to recall that one of Labour’s first acts on gaining power in ’97 was to raise MPs’ salaries by about 40%. If there was a concomitant rise in the quality of MPs, I must have missed it.

      And if MPs are so under paid, why are they all so keen to wangle their disgusting relatives and associates onto the gravy train like a bunch of organised criminals?

      And why do election winners burst into frenzied celebration like they have just won the lottery?

      And since most of what MPs actually do is economically destructive, their pay should be negative shouldn’t it?

      You seem have fallen victim to the fallacy that the government can lead us to utopia, if only we can find a way to select the right “leaders”.

      Like

    • 261
      Herpes Handycock says:

      You are absolutely right. Our pay needs to at least triple and our pensions increase commensurately.

      Like

  16. 34
    Anonymous says:

    As much as I agree with the sentiment of this piece, I take issue with your comparison of the soldiers pension v MPs pensions.

    £7, 987 may well be the average pension of a soldier – but this is not the amount a soldier would recieve after a full career. After 22 years pensions for soldiers will be half their final salary – so assuming you make it to WO2 in 22 years on £40K pa, your pension will be £20k a year + a lump sum on retirement.

    But this average pension figure for soliders takes into account all those many, many servicemen who do not stay in for their full career. My army pension, for example, will be about £7,000 pa + a £15K lump sum after 8.5 years service. That is a pretty generous pension scheme and is entirely non contributory (unlike MPs who make the highest contributions in the public sector).

    I am all for holding the public sector and in particular MPs to account, and definately all for lobbying for the services, but lets not be disingenuous.

    Like

    • 64

      It is not disingenuous – it is comparing averages.

      Like

    • 77
      Jimmy says:

      Does this look like CiF?

      Like

    • 255
      Anonymous says:

      No lets not be disingenuous and at least mention that the latest Pension Scheme for the Army which is the 2005 scheme won’t give you these figures – the army has already adjusted its pension scheme and its now based on 1/70 per year of service and not payable until 65 if you leave before 55; don’t assume you’ll get to WO2 either with the current reorganisation especially if you are average the roles just won’t be there.

      I guess that’s not the pension scheme you’re on though…

      Like

  17. 38
    Righty Right Wing (Mrs) says:

    Sickening.

    Red tribe, Blue tribe, Yellow tribe: They are all in it & at it together.

    TAX STRIKE!

    Like

  18. 39
    Jimmy says:

    “Imagine if they, the taxpaying backbone of the economy, went on a taxpayers’ strike. It could lead to great changes…”

    You’d probably need to get some other people to do it with you this time.

    Like

  19. 40
    the general public says:

    I have raised this very point before in this blog about MP’s pensions/terms & conditions not being affected, despite being paid from the very pot. It’s not financially sustainable……except for them!

    Why is this hypocracy not being highlighted more?

    Might as well continue my rant……..

    We were told by the government that the reason Hester & co at the (mostly) publically owned banks had to maintain their huge bonus schemes and incredibly generous terms & conditions, was because we had to pay “the going rate” to attract such apparent talent. Seems then that there is no talent worth the going rate for the rest of the public sector workers as they are all having their terms & conditions reduced (except the MP’s and the higher up mandarins of course).

    Rant over…….

    Like

  20. 42
    Tax Payer says:

    OK, this is from 2004, but it makes the point:

    “An MP, who pays nine per cent of his £57,000 salary into his pension scheme, may think he is paying for his pension, but he is not covering anything like the full costs. Over 26 years’ service, an MP will have have contributed a total of £133,380, at current prices. Yet to buy an MP’s pension in the annuity market at current rates would cost more than £1 million.”

    http://www.telegraph.co.uk/comment/telegraph-view/3612076/Its-all-right-for-some.html

    Like

  21. 43
    MPs deserve a slappin' says:

    Is that ugly fat fcuk on the right auditioning for Predator III or soemething?

    Like

    • 199
      Anonymous says:

      Audition over; he’s got the job of advertising the snout that enjoys the benefits of the trough.

      Like

  22. 46
    Chris The Leatherman says:

    Sounds as though you are A) doing it yourself today and B) know exactly what it is like running a small business. Well said Guido.

    My sympathies for the Public Sector were not increased by having to wait an hour at 11.30 last night after a difficult day’s work in Spain to get through passport control at Luton airport. General well being was not improved by being at the mid-term car park after midnight and getting charged for an extra day , £18 .

    Like all Self-Employed my pension fund is well short of the necessary.

    Like

  23. 52
    Raving Loon says:

    I’m self employed, who do I strike against?

    Like

  24. 55
    Johnny Prescott and the Butter Chickens says:

    Hey, lad. Super size deep pan pizzas don’t come cheap you know! And then there’s the garlic bread, the garlic mushrooms with dip, side salad, chocolate cake, and bottle of coke. And then I’ve got the main course still to come.

    Like

  25. 57

    Jеаn-Jаcqυеs Rоυssеаυ’s Sоcіаl Cоntrаct hаs lоng bееn hеld υp by thе lеft аs hоw sоcіеty аnd іts pоlіtіcаl systеms shоυld bе оrgаnіsеd.

    Lеt υs υsе hіs іdеаs tо tυrn thе tіdе оn thеm:

    Mаn іs bоrn frее, аnd еvеrywhеrе hе іs іn chаіns… Thе pυblіc sеctоr nоw hаvе cоntrоl оf thе chаіns – lооk аrоυnd yоυ. Thе chаіns shаcklе аll wоrkеrs, thе mоrе sо іn thе prіvаtе sеctоr whеrе thеіr tаxеs hаvе tо gυаrаntее thе pаy аnd pеnsіоn оf thе pυblіc wоrkеrs.

    Еvеry lаw thе pеоplе hаvе nоt rаtіfіеd іn pеrsоn іs nυll аnd vоіd — іs, іn fаct, nоt а lаw… Thаt strіkеs оυt 85% оf thе lаws pаssеd іn thе lаst dеcаdе.

    Thе lеgіslаtіvе pоwеr bеlоngs tо thе pеоplе, аnd cаn bеlоng tо іt аlоnе… Thе pеоplе mеаn yоυ аnd mе, аs wеll аs thоsе іn thе pоlіtіcаl аnd аssоcіаtеd sphеrеs. Yеt tо lіstеn tо sоmе оf thеsе strіkеrs tоdаy, іt sееms thеy hаvе nо cоncеptіоn thаt wе еxіst.

    Wе hаvе tо fіght fіrе wіth fіrе.

    Like

  26. 61
    Anonymous says:

    “those in the private sector who had their pensions disastrously raided by Gordon Brown”

    Yeah, coming on top of Thatcher letting the employers steal money from those pensions as they were awash with money, that’s got to hurt.

    But it’ll be okay, ‘cos Thatcher promised that if the funds were ever short of money the mployers would be only too happy to pay extra into the pot.

    Ha ha ha

    Like

    • 83
      A Worker says:

      Two wrongs always make a right. You should expect Labour to support workers, not to “stealth tax” their savings.

      Like

    • 177
      South of the M4 says:

      Employers in the private sector have made far more additional contributions to pension schemes after short-term investment downturns than they have had ‘ pension holidays’. The government sets financial key indicators that must be reached to assure the viability of the scheme for all of its members. It has worked both ways. The issue now is that the situation is long-term due to longevity. And the ‘employer’ of the public sector is the tax payer.

      Like

    • 225
      Budgie says:

      The notorious Labour supporting statist Robert Maxwell stole £400million from his Mirror’s pension fund, but was only discovered to have done so after his death in December 1991. Thatcher lost power in November 1990, a full year before this. Even Thatcher could not legislate before the event, so to speak.

      There has been plenty of time for, say, a Labour government to have “corrected” what the Major government (not Thatcher’s) did not get right.

      Like

  27. 62
    Any fans of action films? says:

    The new Transformers is good stuff. And one scene features a character at a job interview mentioning he received a medal from Obama, to which the interviewer says “Obama? Well, most of us in this office are Republicans.” :-D

    Like

  28. 63
    nell says:

    Let them strike and lose a day’s pay.

    Has anyone missed them yet?!

    Like

    • 92
      WVM says:

      Not me nell.
      I say lets have a 4 day week for the none emergency public sector, I can work around that quite easily and it’ll save all us tax payers a few pennies no doubt.

      Like

    • 203
      It won't get better if you picket says:

      The public sector is probably far more productive with all the looney militants out of the office today

      Like

    • 211
      Anonymous says:

      The point is Nell that they are causing expense & problems to others who are in no way able (other than via higher taxes) to give them what the strikers are claiming.
      The “others” are some of those that the union leaders profess to be sorry for “inconveniencing”.

      Like

  29. 73
    Breaking Nooze says:

    Mrs Thatcher was asked for her reaction to the strikes. She said “Blooagheugak. Where’s strawberry mellow tables? Fifty one.”

    Like

  30. 76
    Master_Rick says:

    At a tad under £450 quid a week before Tax.
    Now remember to support the Local Post Office; draw out the salary in reddies every week.
    Good idea to ask to be paid in £5 notes to waste lots of queue time and to infuriate the Granny behind you.

    Like

  31. 79
    Gordon Brown says:

    I am on strike.

    Like

  32. 81
    Punch Up says:

    Great footage of a guy trying to attack Sarkozy.

    Like

  33. 88
    Eeu to me says:

    Didn’t hear the unions complaining about anything over the 13years Liebour were in, firefighters were getting hammered in 2009, plod crapped on time and time again, council workers privatised , schools closing due to “lack of kids”, libraries closing, councillors getting paid loads of dosh and bloody pensions for part time, no moans that Brown was screwing private pensions even tho they must have had members with private pensions, go on strike the more times the merrier, we can then get some time and motion people in ,remember them and chop down branches of the uncivil service tree and save billions.
    Even they didn’t ask why the pension money that their members were paying why was it going into current accounts instead of savings accounts.

    Like

  34. 90
    Billy Bowden is the greatest umpire ever ! says:

    Guido.

    dont forget the ones banged up in prison, they will still get their pension after being found guilty of fraud/theft from the taxpayer.

    Like

  35. 95
    Ban the Andy says:

    Anyone else looking forward to Murray losing the semi final tomorrow?

    Like

  36. 106
    Sophie says:

    And what do our taxes go on?

    Legal aid for Islamist extremists who walked through our borders at will, encouraged by sneering Labour MPs:

    “Now Mr Salah, who is in custody in Colnbrook immigration centre, is contesting Ms May’s decision in the British courts. The cleric’s lawyer, Tayab Ali, said: “The Secretary of State felt the deportation of my client was conducive to the public good.

    We feel that this case is without merit and may breach several of my client’s human rights including his Article 10 right to freedom of expression.

    “This is a really interesting case to British Muslims as it will show them where their government draws the line over acceptable interpretations of Islam.”

    Asked how long the process could take, Mr Ali replied: “It could be over tomorrow but it could take years.”

    Read it in the Standard & weep.

    Cameron you weak two faced liberal – is there ANYTHING Conservative about you?

    Like

    • 110
      Billy Bowden is the greatest umpire ever ! says:

      Everyone is entitled to due process and a fair trail/hearing

      Like

      • 122
        labourunionsbbc we are one says:

        Not according to the president obamah’s MO, they ain’t.

        OMG Guido’s got a spll cheker

        Like

      • 146
        Afghanistan Banana Stand says:

        Indeed they are Billy.

        So let this git pay for his own defence instead of [no doubt] sponging off the UK taxpayer with legal aid etc.

        If he can’t afford his own defence, he should fuck off back to his country and take his “virulently anti-Semitic” views with him.

        Incidentally (& I did a ‘Hari’ from the link):
        The hate preacher – described in the House of Commons as “virulently anti-Semitic” – addressed two meetings of British Muslims before he was arrested late on Tuesday night. He was invited by a group of Left-wing Labour MPs.

        Quelle surprise.

        Like

        • 162
          Billy Bowden is the greatest umpire ever ! says:

          He should not be arrested for his speech.

          The state should not regulate the freedom of speech nor thought

          Like

  37. 107
    Gordon Brown MP (Pt. time - semi-retired) says:

    I would like to wish Christine Lagarde the very best of luck in her new job.

    Like

    • 260
      Christine Lagarde says:

      Don’t ever visit me with your ‘no more boom and bust’ voodoo economics,Fuckwit.

      Like

  38. 108
    Mark Suckwotka says:

    Comrades! Smash up London! Oops, did I say that out loud?

    Like

    • 125
      The BBC says:

      Our collegues in the Labour Party and the Unions are leading a righteous fight to justify why those useful idiots in the private sector should subsidise our pensions and high wages by sacrificing theirs.

      We at the BBC know what it is like to have to struggle with low pay and incomes. The public should realise it costs a great deal of money to employ news editors to teach monkeys presenters to turn up day after day and read the Guardian out loud, not to mention the cost of broadcasting repeats of second rate black & white films on our pleb entertainment channels.

      JUST PAY US ALL OF YOUR MONEY!!!

      Like

      • 193
        Man in the street says:

        I always start the day listening to R4 Today, usually by the time I get up I am just plain bloody angry and want to go straight to Downing Street, grab ‘Call me Dave’ by the neck and beat his head against the door jamb of no.10 timed to the mantra.

        The BBC HATE you
        The BBC HATE your party
        The BBC HATE every single thing you stand for
        The BBC HATE every thing you want to do or aspire to
        The BBC will rip apart anything your stupid twat ministers say or do
        If your ministers can’t handle their brief then you look like a twat as well

        When will Dave realise/learn that the real opposition are not the Labour Party, not the Civil Service but the BBC.

        If he’s not prepared to do anything about the BBC then may well serve just one term…..

        It would be better to have no government spokesman or person for interview available rather than one made to look stupid or duplicitous.

        It would be even better to have someone who understood that it was the lion’s den they were walking into and prepared accordingly.

        Stand up Francis Maude and bow your head in shame (bet you thought you could wing it).

        Like

  39. 115
    Jess The Dog says:

    A taxpayer strike wouldn’t work with PAYE.

    A cash strike would work though.

    A mass default on utilities bills, council tax and so on. Just for one month. That messes with the monthly cash flow of organisations and increases exposure to debt.

    Also, for the taxpayer-owned banks which are paying bonuses and not lending: don’t pay salary in for a month, or switch account. I ditched RBS nearly years ago.

    Like

    • 198
      Ex-Labour voter says:

      I ditched the woeful lloyds-TSB about 6 years ago, hoping, praying to the almighty, begging him, that it would go bust. And indeed, it did.

      But then some fat old Jockanese mong went and saved it.

      With my money.

      Like

  40. 116
    Margaret Beckett says:

    I want to talk about fanny farts

    Like

  41. 117
    Do one, Bragg says:

    Oh, what a fucking surprise, Billy fucking Bragg giving his opinion on Sky news. After a day’s solidarity with his fellow comrades, he’ll retire to his mansion in a conservative middle class suburb, far away from the poverty stricken estates that Labour ignored, and far away from the muslim enclaves that years of unchecked immigration created.

    Like

  42. 120
    WVM says:

    Coming back from the local shops this morning I noticed a bunch of mongs chanting outside our local primary school. I stopped the car opened the window and shouted “and what’s so special about you lot”. The chatting stopped and they all looked at one another for a few seconds and then back at me sat in my car waiting for an answer. When one of the mongs throws two fingers at me and then they all carried on chanting again.

    I like to think I sowed a seed of doubt there for a few seconds, well one can only hope.

    Like

    • 124
      Go back and provoke them again! says:

      Standard leftie response. With no argument, just reply with abuse. You should have filmed it and put it on youtube for a laugh. And anyway, don’t they know nobody does two fingers anymore? It’s the middle finger you use. Typical lefties, still stuck in the 70’s.

      Like

  43. 123
    Drop a Daisy cutter on the BBC says:

    Let’s be honest the public sector can go on strike, the fact is it was only really the power workers who ever had a throat to the nation and their lefty ways are long gone now.

    Who gives a fuck if mong kids don’t get taught? What annoys me is hoe the BBC try to make out that these strikes are somehow the voice of the nation. Listen to Radio 5 and it sounds like the good old ‘Arfur Skargull’ days again.

    Paul Mason has a permanent erection at the moment he mong can’t contain himself with all these lefty protests, be it Greece, mong students or public sector c u n t z.

    To any teacher who thinks they are not being treated fairly, fuck off and get a real job then if you think you are worth it. Let’s see how many of these mongs can get 40K a years and 10 weeks holiday in the real world.

    Like

  44. 126
    MAD FRANKIE HADDOCK son of COD says:

    !.5 million in his pension !
    Lets hope the fat fuckers heart explodes before he is able to draw it !

    Like

    • 131
      Drop a Daisy cutter on the BBC says:

      Well said.

      Like

    • 140

      If we all threw in a few quid, we could hire some tarts to go and give him some [cough] “assistance”. He could not refuse. Three of four healthy young girls could finish him off for good. Look what we would save the state in payment obligations. It almost takes on the proportions of a moral imperative. I’ll hold onto the change … ;-)

      Like

  45. 134
    The irony of the leftie hypocrites striking says:

    Has anyone thought to ask the strikers and protesters about the irony of their march taking up hundreds of police officers’ time which should be used protecting the public? They can’t complain about police numbers being cut when they themselves are wasting enormous police resources with their self indulgent behaviour.

    Like

  46. 136
    MAD FRANKIE HADDOCK son of COD says:

    I see the anarchists have hijacked the teachers demo again !
    Why doesn’t call me Dave pass a law
    Anybody caught doing anarchy
    No dole for 5 years
    Problem solved !

    Like

    • 148
      Ex-Labour voter says:

      Why would anarchists claim benefits?

      Aren’t they against ‘the state’?

      Like

      • 155
        MAD FRANKIE HADDOCK son of COD says:

        They are against working for a living !
        and because they don’t have something
        they don’t think you shouldn’t have it either !

        Like

        • 169
          Ex-Labour voter says:

          That makes them antisocial parasites.

          Labour really has got itself into bed with a great crowd, hasn’t it?

          Like

      • 156
        Jimmy says:

        Very true but they do claim ‘em, typical behaviour from the leftie hypocrites.

        Like

    • 217
      the only way is anal says:

      David – call me cun*t – Cameron doesn’t do laws.

      Having a wank is a struggle for him to arrange.

      Like

  47. 141
    Terrible But True says:

    Maybe a poll will help….

    channel4news Channel 4 News
    STRIKE BLOG POLL: 77% in favour of today’s pension strike action. 23% against. What do you think? http://ow.ly/5tMv9 #j30 #30june #c4news

    janemartinson jane martinson
    RT @guardian: Support the public sector #strikes? Vote in our poll http://gu.com/p/3v8tq/tw and FB poll here: http://on.fb.me/j5kSxK

    Of course, it may ‘help’ any ‘view’ pre-held to hold it while those who may vote yes are kicking their heels surfing their iPhones, while those who have not even heard about it, let alone having the time to express a view, are AT WORK earning enough to feed families after tax deducted to fund the previous lot and their media buddies.

    Like

  48. 143
    MAD FRANKIE HADDOCK son of COD says:

    I see that layabout fucker Billy Bragg is spouting off on the box Yet again !
    He is slagging off Ed ReallyBland for not supporting the strikers !
    how does this twat make a living ?

    job description

    “Self employed Shit Stirrer “

    Like

  49. 150
    Anonymous says:

    I see on Sky News the red&black anarchist hoodies are trying to kick it off again in Londonistan and smash the place up a bit, noticed a few communist flag waving mongs in there too.
    Same old violence we come to expect from the hard left I guess.

    Like

  50. 154
    Billy Bowden is the greatest umpire ever ! says:

    The left claim dircet action is the only way to get thier message across, In that case i propose direct tax evasion to get the taxpayers message across.

    Like

  51. 158
    Anonymous says:

    Cameron is a turd.

    Like

  52. 159
    Billy Bowden is the greatest umpire ever ! says:

    Have any of the protesters/union people mentioned Baroness Thatcher yet?

    Like

    • 167
      Ex-Labour voter says:

      Probably. I bet they’re sat in Costa Coffee, tweeting about her from their iPhones, whilst generally moaning about the evil private sector and Capitalism in general.

      Like

  53. 165
    Billy Bowden is the greatest umpire ever ! says:

    Until I started using twitter, hash tags were what I used to label my bags of weed.

    Like

  54. 168
    Billy Bowden is the greatest umpire ever ! says:

    Hat-Trick

    Like

  55. 176
    Sir William Waad says:

    I don’t see how a taxpayers’ strike would work or how it could be organised. Can you ‘splain please?

    Like

    • 186
      Mange Tout says:

      Business owners go on strike, their employees aren’t alowed to cross picket lines. Said business goes bust because there is no interest from the TUC to broker a deal.

      Simples!

      Like

  56. 182
    Johann Hari says:

    This site wants a final solution for the public sector.

    Like

  57. 184
    lola says:

    Just posting a ‘thank you Guido’. I am one of those small businesses and I employ people who work bloody hard for pay and perks that cannot match the ‘entitlement’ the State Scroungers enjoy.

    But, for the avoidance of doubt Mrs Lola is a teacher (and a bloody good one) in a state school. The majority of her colleagues do not support the strike. And IMHO those dcedicated teachers, like Mrs L, are entirely exploited by the State education monopoly – she frequently works until midnight on marking and preparation and the like. There are 1.4m people working in education in the UK of which 600,000 are teachers. Most of the rest are redundant leeches, that is pointless bureaucrats. Sack them all. Then it would be obvious that there is plenty of money in the education budget – it’s just in the wrong place.

    Like

  58. 187
    Workers Untie says:

    If Jane Pilgrim went on strike, would that mean she actually did some nursing instead of working for unison?

    Like

  59. 188
    The one and only time Prescott was right says:

    Like

    • 244
      NeverRed says:

      Can’t even stand to watch/listen to the pig, wasted video. Now if it was him being drowned in a skip full of sewage, it would be No. 1 on U-tube and all the rest of the moronic ‘social’ sites.

      Like

  60. 189
    The last quango in paris says:

    Great idea! Or all small businesses refused to hire anyone for a yeAr ?

    Like

  61. 204
    In the trough says:

    Spent the morning supporting my former colleagues on the picket line. Slap up lunch with a couple of glasses of decent wine (which I can afford on my public sector pension). Just got back from nearest reservoir pissing in Birmingham’s drinking water. Work or die (or is it “…and die”?) Ingrish Johnny

    Like

  62. 206
    fartinatrance says:

    Remember when civil servants, teachers, nurses, doctors and lollipop ladies crashed the stock market, wiped out banks, took billions in bonuses and paid no tax, or retired early on so called redundancy with huge payoffs and enhanced pensions all based on RPI? Yea me too………

    Like

    • 249
      Gooey Blob says:

      I remember when Gordon Brown’s legislative regime failed to stop all that happening. I also remember him switching the government’s inflation measure from RPI to CPI simply in order to help keep rates lower, and extend the rather obvious credit bubble that was going on at the time. I remember Gordon’s badly-regulated banks lending money to US banks, who then lent it out as sub-prime mortgages which caused the financial disaster that led to the world’s problems.

      I remember Gordon Brown’s attack on private sector pensions, and his disastrous decision to pre-announce the selling of the UK’s gold reserves, causing the “Brown Bottom”. I remember his policy of running a fiscal deficit during the boom, shifting the goalposts to try and hide his tracks whenever it suited him.

      There’s plenty more I can remember too.

      Like

  63. 207
    LukePDQ says:

    Well said, Guido.
    Teachers just do not get it. They seem to think they are a ‘special case’ that deserve Tax payers contributing 14% to their pension pot. That, plus their own ‘costly’ 6% personal contribution builds up a 20% of salary to their estimated average £500K pension pot.

    Fact check. There are c. 3.6 million Ltd companies in UK. Of which 3.3 million are small companies employing less than 5 people. You can bet they don’t get 20% payments into their Pension pots.
    300,000 SME’s (less than 250) probably don’t get a decent pension either.

    There are less than 350 Ltd companies employing 250+ employees. These FTSE350 companies are probably the only ones with a good pension scheme.

    Like

  64. 213
    I don't need no doctor says:

    Could someone tell me what that fat twat Prescott has done to deserve a pension pot of £1.5 million. That loathsome piece of shit deserves nothing.
    Does anyone remember the public service sector complaining when Brown raided the private pension sector in 1997.
    Union leader scum must be laughing at their members, who incidentally must be so thick to pay them such high salaries and pensions. Up the workers eh comrades.

    Like

  65. 215
    the only way is anal says:

    “Employers in the private sector have made far more additional contributions to pension schemes after short-term investment downturns than they have had ‘ pension holidays”

    any evidence for this or isit just a moron’s wishful thinking?

    Like

  66. 221
    grrrrrrrrrrrrrr says:

    With the UK at war, strikes should be illegal.

    Like

  67. 238
    Government Actuary says:

    Here are the facts about MP’s pensions. Over an average service of 15 years as an MP, an MP will pay £100,000 into his pensions scheme. 15 years service as an MP will give an average pension of £25,000 a year, index linked. The MP wil also receive a retirement gratuity of 4 times pension, which is £100.000, tax free. So at a stroke, all the money paid into the pension scheme by the MP wil be recouped by the gratuity. The remainder of the pension i.e. the £25,000 a year, index linked, comes from public funds.
    When the MP dies, his Widow gets 5/8, index linked, of the full pension, plus a gratuity of 4 times that 5/8 pension, tax free.
    There is no other pension scheme as generous as this anywhere in the UK. It is not just gold plated, it is platinum plated and diamond encrusted.
    This is nothing more than Institutionalised theft, particularly as it was the MP’s themselves, who voted for this pension scheme. It is scandalous and completley hypocritical for this Government, or any Government, to be asking the public sector to reform it’s pension schemes before the MP’s have reformed their own pensions scheme, which is more unsustainable and unaffordable to the taxpayer than any other public sector pension scheme.

    Like

    • 240
      Government Actuary says:

      Additionally, this is an unfunded pension scheme, so MP’s pensions are paid from general taxation. We are all in this together! Sure we are.

      Like

  68. 239
    Divine Sarah says:

    What sort of pension would an RBS Group Resourcing Director draw after twelve years in post? I believe there has been a vacancy for a couple of weeks, but before I apply I need some idea of the perks.

    Like

  69. 247
    Gooey Blob says:

    Let me get this straight. The unions are organising strike action to protest at the reform of public sector pensions, which will still be far better than almost anybody in the private sector can expect. Yet the same unions continue to bankroll the Labour party who devastated the pensions of those private sector employees whom they now expect to pick up most of the tab for their own gold-plated public sector schemes.

    I have two words to say to the unions, and the second of these is “off”.

    Like

  70. 250
    They're all the same says:

    Guido’s spot on to highlight the scandal of MPs pensions and benefits. The nerve of these people is breathtaking. The fact is that genuine public sector fat cats (MPs, Chief Executives and senior managers) won’t have been out on strike today.

    The unions won’t please everyone with their actions, but at least someone is taking a stand. Having prison officers, nurses, ambulance workers and teachers working until they’re nearly 70 IS ridiculous. So much for the empty rhetoric we hear from our politicians about how unfair it would be to make future generations pay! Who wants their kids delivered by a 67 year old midwife or their children taught by someone who trained half a century ago?

    Gordon Brown and Labour should be made to pay for the scandalous raid on private pension funds. So should the mini-Maxwell’s who squandered people’s hard-earned investments.

    Small businesses and entrepreneurs have been ill-served by successive government. A possible solution? Take a leaf out of the trade union’s book and ORGANISE. Guilds served small businessmen and artisans for centuries and could do so now.

    Like

  71. 252
    They're all the same says:

    Oh, and a tax-payers strike? Great idea.

    Almost as good idea as a rent and mortgage strike.

    Great changes indeed.

    Like


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John McTernan told Channel 4 News

“You can’t make an omelette without breaking a few eggs, you don’t win in politics without breaking legs.”



Rob Wilson says:

Without Predujice

Darling

What time will dinner be ready this evening?

Yours

Rob Wilson MP

In the interests of me I am placing a copy of this email in the public domain.


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