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£5bn Cuts To Pay For Building Plans

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Old 29 November 2011, 10:20 AM
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Wurzel
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Cool £5bn Cuts To Pay For Building Plans

"Much of it is going to come from the private sector and pensions funds so we use British savings to invest in British jobs and British building.
http://news.sky.com/home/politics/article/16118942

Hmmm So the country is going on strike over pensions on wednesday causing mahoosive amounts of chaos and yet the gov or going to again raid the pension fund to build a few more roads.

Wonder how many of the paddy navies and road workers will actually be British? or which construction company will get the contract!
Old 29 November 2011, 11:19 AM
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stilover
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Who's pension funds though? Public or private sector pension funds? If it's private I'm going to stop mine, as it'll be worth even less than it is now. And it's worth fcukall as I write.

Sorry but there is no money in your pot as it went towards building a new road. However the teachers pensions are unaffected. So good news for them.
Old 29 November 2011, 11:46 AM
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Wurzel
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At a rough guess I think this

private sector and pensions funds

May answer your question but I wouldn't like to speculate that it is private sector pensions.
Old 29 November 2011, 12:02 PM
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Leslie
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Nothing like announcing a big government initiative to try to detract our attention from the bad bits.

Les
Old 29 November 2011, 12:42 PM
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NOSSY_89
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Who voted this government it. Seriously there was a reason why they haven't been in power in ages.
Old 29 November 2011, 12:59 PM
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DJ_Jon
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I don't see how they can raid private pension funds? Thank the sky pixie that I don't have a pension & am relying on karking it before I need one
Old 29 November 2011, 01:11 PM
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stilover
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Originally Posted by NOSSY_89
Who voted this government it. Seriously there was a reason why they haven't been in power in ages.
If we hadn't we'd be in the same position as Greece and Italy.

Labour just wanted to spend spend spend.

Our borrowing rate is less than Germany.
Old 29 November 2011, 01:14 PM
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Don't they mean that pension funds will invest in it (voluntarily) rather than the Govt just taking money from the pot?

TX.
Old 29 November 2011, 01:22 PM
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Leslie
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Originally Posted by NOSSY_89
Who voted this government it. Seriously there was a reason why they haven't been in power in ages.
It was done as a serious emergency after the load of plonkers before them!

Les
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