Wednesday, June 18, 2008

Is this the start of reconnecting MP’s with the real world?

Gordon Brown blocks pay rises for MPs

Gordon has blocked a 650quid per year pay rise for MP’s stating that it is important to limit pay rises and thereby inflation. In addition, Gordon has called for a review of MP’s gold plated, index linked, final salary pension schemes. Is this the start or reconnecting our MP’s with the real world? For this to happen MP’s salary, pension, expenses and taxes must be the same as everyone else. It’s a start, but lets not be fooled in to thinking this move will solve it. For MP’s this moves leaves open two escape roots, these being increased expenses and further liberty with the tax laws. The next move must be to shut down the special department in HMRC that deals only with MP’s taxes – why do MP’s need such a special department? Oh to apply the laws differently!

Posted by who stole my pension? @ 06:03 AM (704 views)
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2 thoughts on “Is this the start of reconnecting MP’s with the real world?

  • Hmmmm. All sounds a bit contrived to me.

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  • Malcolm Deering says:

    Would turkeys vote in favour of Christmas?

    It is only a few years since MPs voted the improvement in their then aleady generous final salary scheme from 1/50th accrual to 1/40th accrual!

    One would like to have hope that the collapse of final salary schemes in the private sector, the appalling treatment of pensioners and the failure to ensure that all entitled persons can more easily understand and claim pensions credit would persuade MPs to remove a certain facial feature from the trough. Unfortunately, in certain areas, hope and reality are very different!

    Malcolm Deering
    (a member of the pensions industry for thirty eight years.)

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