Originally Posted by fiftyfour
The government was happy to tax the surplus at the time, but now is not interested in giving any relief/assistance when assets are below 95% of liabilities. In fact all the government has done is to compound the problems by not allowing dividend relief and by bringing in onerous regulation and supervision.
It is good that you mention the part that the government has played in this sorry affair. It is undeniable that not
all of this problem is of BA's own making. I am sure that voters will remember this come the next election.
It doesn't look as if Gordon Brown will ever be Prime Minister after all!