Scuffling At The Pension Trough

November 01, 2007 8:59 AM


Because I'm worth it


Lord Falconer is scuffling with Gordon Brown over how much money we taxpayers will be forced to shell out to keep him in comfortable retirement. Brown's offering £50 grand pa: Falconer's demanding £100 grand. They'll be meeting in court.

Meanwhile, the head of the Post Office- yes, the same Post Office that is closing half its customer service branches, has abolished Sunday collections, and is racked by strikes- took home £1.25m last year. £150 grand of that was a contribution to his pension.

And of course, Sir Richard "we're all f***ed" Mottram has just retired from the Civil Service with a pension pot of £2.7m.

Just as a painful reminder, these index linked final salary pensions for the public sector cost taxpayers a fortune. The total liability is £1 trillion, which is around £40,000 for every single British household.


But at least we have the comfort of knowing His Lordship won't have to spend old age living on Tesco Value Beans.

Because I'm worth it


Lord Falconer is scuffling with Gordon Brown over how much money we taxpayers will be forced to shell out to keep him in comfortable retirement. Brown's offering £50 grand pa: Falconer's demanding £100 grand. They'll be meeting in court.

Meanwhile, the head of the Post Office- yes, the same Post Office that is closing half its customer service branches, has abolished Sunday collections, and is racked by strikes- took home £1.25m last year. £150 grand of that was a contribution to his pension.

And of course, Sir Richard "we're all f***ed" Mottram has just retired from the Civil Service with a pension pot of £2.7m.

Just as a painful reminder, these index linked final salary pensions for the public sector cost taxpayers a fortune. The total liability is £1 trillion, which is around £40,000 for every single British household.


But at least we have the comfort of knowing His Lordship won't have to spend old age living on Tesco Value Beans.

Latest Blogs:

TaxPayers' Alliance Icon

The sugar tax and the public finances

6:00 AM 05, Dec 2016 Harry Fairhead

TaxPayers' Alliance Icon

Working for the taxman

6:00 AM 26, Nov 2016 Harry Fairhead

TaxPayers' Alliance Icon

Further thoughts on the Autumn Statement

4:56 PM 24, Nov 2016 James Price

TaxPayers' Alliance Icon

Have we had too much austerity?

10:57 AM 23, Nov 2016 Alex Wild