© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
December 10, 2011 2:03 am
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
Copyright The Financial Times Limited 2015. You may share using our article tools.
Please don't cut articles from FT.com and redistribute by email or post to the web.
Sign up for email briefings to stay up to date on topics you are interested in