is it just me…
or is the Labour Government completely and uttelry inept! I mean look at the latest budget announcement and while most high earners will receive no sympathy over the new to be introduced 50% tax on earnings over £150,000, I do not understand the logic behind the proposed Benefit in Kind classification on final salary pension contributions.
If as part of the employment package one recieves a final salary pension, better they are suitable financed for retirement than having to join the long queue for those complaining about the State pension.
In fact, as usual, I believe this is a reaction to the public complaints with regards to the Pension fiasco surrounding the Banking Big Cats and how they messed up on those specific few individuals. How does the Labour Government react, too late and by penalising the vast majority of good senior managers who did not get this Country in the pickle it now finds itself, and who we will rely on to get us out, because let us be honest, we cannot rely on Politicians to rise to the challenge can we. No, they are too busy bickering over how they can screw as much personal expenses out of the system for themselves.
or is it just me?
May 6th, 2009 at 6:29 pm
Rita
I agree that this fiasco is a complete cock up by the Labour Government, but I am not sure any other party would have been any dfiferent.
The usual too little too late is what we have come to expect from our politicians.
When will a new honest, hard working and trustworthy group stand for what we would ideally like from our politicians?