Think I have unearthed Proth

[CarlosCorbewrong]

You could start by deregulating the public sector.

[baggy1]

Why has no one ever questioned how we ended up with Brexit ?

Lazy politicitians & jobs worth enforcing every single eu law & directive

MPS blamed the EU for everything wrong in UK whilst getting family & friends cushy jobs over there

Watching a documentary about the Balkans & regions last night
Said Romania basically please themselves watch laws rules they enforce

Same goes for much of the rest of Europe

Any examples of 'every single law of directive' that you disagreed with? Or MPs blaming the EU for everything wrong in the UK? Or even MPs getting their family and friends jobs in the EU?

Diane Abbott son was one 
They blamed the EU judges for interfering in the UK courts & definitions of what constitutes a particular item
Its not a question of what i agree or disagree with the law is the law end of 
Go to Spain Cyprus & host of others to see what suppose to happen and doesnt

So basically, Dianne Abbots son got a job, some MPs (I would imagine the one's that didn't want to be in the EU) blamed EU judges of interfering without much evidence apart that dastedly Human Rights stuff, and you can't think of a law that actually wasn't a good thing to have.

And I know this might come as a surprise to you but we didn't apply every law and directive and we did interpret a number of rules differently to our other EU partners (I used to look after a lot of European countries and them having different rules did my nut in)

[Protheroe]

Please can someone check on Proth? He may apoplexy

Thoughts and prayers


https://www.telegraph.co.uk/money/pensio...household/

Does anyone sentient believe this is a healthy situation?

Today the OECD has said the decision to raise taxes hit "incentives to save, to work, to invest, to become an entrepreneur, to stay in the UK". Does anyone believe that is a healthy situation?

Another question: 

Does anyone believe that giving a £3.8bn bung to the Miners / Surface Pension Scheme is warranted in the slightest? The scheme is not in deficit. The scheme has managed to pay £1.5bn to fund managers in the last 10 years. The scheme is invested 85% in equities which is bizarre when it's wholly in payout.

£3.8bn? Wow.

[baggy1]

Tory VIP Lane Covid contracts - £3.8bn (an unprecedented time called for urgent action)

Miners Pension Scheme - £3.8bn (Bung)

This was money that had been withdrawn from the minors pension investment pot by governments over the years as a guarantee that the government will cover the pensions if the scheme fails. This takes away that obligation because, as Proth points out, they have managed the pot well enough themselves not to need a guarantee. Are you suggesting that the government should take half of all investment gains from all pension pots as, in effect, they guarantee them by default.

[Protheroe]

This was money that had been withdrawn from the minors pension investment pot by governments over the years as a guarantee that the government will cover the pensions if the scheme fails. This takes away that obligation because, as Proth points out, they have managed the pot well enough themselves not to need a guarantee. Are you suggesting that the government should take half of all investment gains from all pension pots as, in effect, they guarantee them by default.

The guarantee hasn't been removed.

The BCSSS trustees said this year that they would “not consider giving up the guarantee in exchange for the investment reserve … The guarantee does not form part of our discussions with the government. It will remain in place, whatever decision the government makes.” 

So yes, it's a taxpayer bung with nothing in return. A bit like the Junior Doctors pay deal last year.

[baggy1]

You yourself said it is in surplus and therefore that removed the likelihood of government guarantee requirement as it is even more in surplus. You weren't anywhere near as vocal at the exact same amount going to Tory donors, pals and family members at the time.

Do you feel that the government should start taking half of any investment returns from every other pension investment pot?

[Protheroe]

You yourself said it is in surplus and therefore that removed the likelihood of government guarantee requirement as it is even more in surplus. You weren't anywhere near as vocal at the exact same amount going to Tory donors, pals and family members at the time.

Do you feel that the government should start taking half of any investment returns from every other pension investment pot?

What? The surplus is the payment to government for its guarantee.

Now the Miners get the surplus AND the guarantee, whilst investing 85% in equities when the scheme is 100% in payout. If the market takes a tumble the taxpayer remains on the hook. Why?

Please tell me which part of that arrangement is fair to the taxpayer?

No, I don't think taxpayers need to guarantee private pension pots. Neither should they be underwriting £1.3 trillion in unfunded public sector pensions - but that's another matter.

[baggy1]

Should the government be taking half of the investment earnings from pension pots?

[Protheroe]

Should the government be taking half of the investment earnings from pension pots?

I give up. You clearly can't read.

The surplus is the price of the guarantee FFS.

[baggy1]

You can't write that's for certain when you don't want to explain something that you've been pulled up on.

Here's why it's been paid back: https://www.ipe.com/news/british-coal-st...53.article Simple article without bias. The fact is that it was the pension funds money all along as the guarantee was never needed and with just 40,000 workers left is very unlikely to be needed so the guarantee is a moot point being used to wind up people like yourself.

The surplus that was for the guarantee will never be needed.

Now based on your anger at how they've handed the money back, do you think this should be extended to all other pension funds as ultimately it will be the government that will bail out any that fail.