BAA strikes
Join Date: May 2002
Location: LGW - Hub of the Universe!
Posts: 978
Likes: 0
Received 0 Likes
on
0 Posts
Why is it in Uk we deride things like final salary schemes-they were, and I was in one, a genuine benefit for a lifetime of honest endeavour. Its seems fine to say throw them out but why not throw out share options and executive packages too. Are the BAA workers more guilty of greed than the greedy stupid bank execs who leant YOUR money to people who could never repay it
I agree the BAA strike is unfortuneate -and indeed it intrudes on my own plans-but BAA are a shambles and always have been and are regulated incredibly badly. The workers there have a point and they are entitled to make their protest - if it was France or Italy or dare I say it the USA the airports would be closed for a lot longer
PB
I agree the BAA strike is unfortuneate -and indeed it intrudes on my own plans-but BAA are a shambles and always have been and are regulated incredibly badly. The workers there have a point and they are entitled to make their protest - if it was France or Italy or dare I say it the USA the airports would be closed for a lot longer
PB
If only we had descended on Whitehall and laid siege to Downing Street en-masse at the first indicators of Final Pension Scheme skullduggery - Standard Life was first, closely followed by Harrods as I recall! The government would have had their hands forced!
We are paying now for the Thatcher years, whatever lies are being spun about "people living longer" and "interest rates being lower than expected". In Thatcher's Britain, people were encouraged to retire early on full pensions (How many thousand voluntary severance schemes, at colossal cost to the Pension Funds of private companies, were offered?) All those "Fat Cat" pensioners spending winter in their overseas properies were financed at our expense (not their fault though - it was the fault of corporate greed and the graduate management concept that only young employees were of any real value!)
Yup, the chickens are starting to come home to roost from Gordon's "Prudent" off-balance sheet economics.
We are now living in a country run on Enron principles
, but never mind, Tony & Gordon have index linked, 100% maximum salary pensions. So it's comforting to know that they'll be OK when things start to really fall about our ears, never mind the current state that the country doesn't have enough money to pay the police their agreed wage increase in full. 
We are now living in a country run on Enron principles
, but never mind, Tony & Gordon have index linked, 100% maximum salary pensions. So it's comforting to know that they'll be OK when things start to really fall about our ears, never mind the current state that the country doesn't have enough money to pay the police their agreed wage increase in full.
Join Date: Oct 2007
Location: Essex
Posts: 579
Likes: 0
Received 0 Likes
on
0 Posts
I fail to understand the apparent hostility of some people who do not have "final salary" pension schemes, or who have lost them, towards those still in such schemes or those defending them. The only outcome of such an attitude is a "race to the bottom".
If low wages, bad pensions etc. is a route to prosperity then the UK would be more like ,say, India is today rather than the affluent society it clearly is.
If low wages, bad pensions etc. is a route to prosperity then the UK would be more like ,say, India is today rather than the affluent society it clearly is.
Join Date: Jul 2002
Location: East Midlands
Age: 84
Posts: 1,511
Likes: 0
Received 0 Likes
on
0 Posts
It may be affluent from where you are viewing it! Over a million children living in what the Government defines as 'poverty, OAPs getting by on about £135 a week, the worst state pension in the EU, soaring costs of basic food and fuel. We live in a country in which it is unwise to be poor or ill or both!
Last edited by A2QFI; 5th Jan 2008 at 17:47.
