Monday, December 17, 2007

Good news at last

Following my last post, I should report today's good news. It's taken years of campaigning by the Pensions Action Group and Dr Ros Altmann and some well timed leaks in the press but at last, those workers who lost their pensions when their companies went bust are going to be beneficiaries of a £2.9bn rescue package, which will restore 90% of the value of their pensions packages. Its welcome but it should never have taken this amount of effort in the first place.

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