Gordon Brown's Legacy
Comment: Documents are political dynamite | Uk News | News | Telegraph
Gordon Brown .. knowingly took actions which devastated Britain's pensions industry.
When he delivered his first Budget, he claimed he was merely ironing out unfair tax breaks enjoyed by the pensions industry. Now we know that the Chancellor was entirely aware that he was composing an effective death sentence for final salary pension schemes.
The destruction of long-term savings in the UK will be one of Mr Brown's longest-lasting legacies. Millions now face a retirement with only a fraction of the pension enjoyed by their parents. As the documents show, the worst affected will be those on lower incomes.