Gordon Brown Stole From The Old And The Poor

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Gordon Brown Stole From The Old And The Poor Gordon Brown defied repeated warnings from his own officials about the potentially devastating impact of his £5 billion-a-year raid on pension funds and went ahead with it regardless, The Times can reveal.

Yes indeed. As mentioned on this very blog, just a few days ago, Gordon Brown has NOT been a good Chancellor as everyone in the media seems to think.

Documents that were released to The Times under the Freedom of Information Act show that officials told Mr Brown:
–– The lower paid would be worse off under the new rules
–– Pensioners due to retire would lose out immediately
–– Businesses would struggle to adjust to the change
–– It would cost pension providers £4 billion a year
–– Pension benefits would be cut
–– Shares could drop by between 6 per cent and 20 per cent
–– The value of existing pension funds could fall immediately by £50 billion
–– Local authority schemes would need topping up, leading to higher public spending
–– The Department of Trade and Industry would be “gravely concerned” about having to bail out pension schemes driven into insolvency

And it all happened.

To repeat what I said before: Our economy is doing well because of the huge progress in internet and mobile techology that took off just when Gordon Brown took up office in 1997, and because of the enormous amount of money that he stole from pensioners in order to bolster 'government' spending.

Gordon Brown is no different from Blair. He is underhand, malicious and self-serving.

And if you read the article, you will discover that he also tried to block this information from coming out.

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