£4.2 Million To Change Labour's Mind

When the government announced that they were switching from the Retail to Consumer Price Index for pensions, Labour kicked off. Stephen Timms set out their absolute opposition to the move in the Commons, and Balls told the GMB union that the move one of the biggest hits “to the living standards of your members in a generation”However it seems that it was all just opportunistic bluster…

Kudos to the eagle-eyed Tory spinner in CCHQ who spotted that Labour’s  annual accounts show that they too have changed from RPI to CPI for their own pension scheme. And why the sudden change of heart? Well a £4.2 million reduction in the cash-strapped Labour Party’s own pension liabilities must have helped…




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