“Carillion tried to ‘wriggle out’ of pension contributions”

Jan 29, 2018 | In the news

An independent (financial adviser’s) view

According the Pentagon Papers, the subject of the excellent new Spielberg film ‘The Post’ US governments knew for 10 years before they pulled out of Vietnam that they couldn’t win the war. The reason none of them would admit it was ’10% belief in the cause, 20% blind optimism and 70% not wishing to admit they were wrong’.

Carillion’s pensions have been underfunded for 10 years. Their Chairman was a special adviser to No.10 and a Conservative party donor. In the words of the song played at Tony Blair’s (whose idea it all was) victory party in 1997, ‘things can only get better’.

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“Rachel Reeves may be forced to raise taxes”

“Rachel Reeves may be forced to raise taxes”

Why did she/they (in the old sense) think that tinkering around with IHT and CGT would be enough to sort out the NHS; and the potholes; and…and the list goes on. My guess is  that they asked the Treasury for a list of anything not involving income tax that they could get away with lightly, although they should already have learned from the winter fuel stuff that all publicity is not good publicity.