December 10, 2011 2:03 am

TUC chief shows gift of prescience

From Mr George Yeadon.

Sir, Brendan Barber, TUC general secretary, is quoted (report, December 3) as saying that “pensioners in both private and public sector schemes will find that their pensions will be 20p in the pound lower after 18 years of retirement” as a result of the proposed switch from consumer prices index to retail prices index for uprating benefits.

This implies he knows, beyond a “might” or “could”, just what the difference will be between the indices in 2029. With such a gift of prior knowledge, is it permissible to ask where he was between 2006 and 2008 when such gifts could have forestalled the whole financial crisis?

George Yeadon, Manchester, UK

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