25 November 2005

Brown slams pensions report



The Chancellor Gordon Brown has criticised the AdeLabs Pension report before it has even been published.
The report is expected to say that we will run out of money and no-one will get a pension at all, but Mr Brown says the figures do not add up. In a letter to AdeLabs, he said:
"It is a fundamental miscalculation to say that no-one will get a pension. In fact, my pension will be fine and so will those of many friends in the banking community."
The AdeLabs report is expected to recommend giving people a pension, but Mr Brown is thought to oppose this scheme.
"Clearly, pensions cost the Treasury a lot money," said Adair Ytafago, Director of Pensions Research and Biscuits at AdeLabs. "But we will not be brow-beaten into recommending that no-one gets one. We estimate that if the government stops paying for pointless foreign wars we should be able to pay everyone £20,000 a month when they retire."