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Friday, October 31, Vigil in Support of the People of the Congo Nofeembar 4, 2008

Posted by spiritualphilantropy in News in English.

Having successfully (with Canada’s help) completed the takeover of Rwanda and installed a US friendly regime there – they now move on to Rwanda’s neighbour DRC. Strategic resources like Coltan are the reason. As is to be expected UN forces are deliberately unable to dislodge the ‘rebels’ and the US and EU urge ‘talks’ the results of which will consolidate their control over Congo.

Gordon Brown’s tax raid on pension funds has snatched £17,000 from every worker’s retirement pot, research says today Yet the value of public sector schemes – funded by taxpayers – has soared to an astonishing £1trillion. Opposition MPs, business chiefs and campaigners demanded an investigation into the growing ‘pensions apartheid’. The report, The UK Pensions Crisis, is the work of the TaxPayers’ Alliance and Terry Arthur, a fellow of the Institute of Actuaries. It says Mr Brown’s decision in 1997, when he was Chancellor, to axe tax relief on dividends paid to pension funds has cost private occupational schemes £175billion.

The growing gulf between private and public sectors has become an increasing source of bitterness over recent years and this is particularly acute in the current economic crisis. The average private sector worker retires with a pension pot worth £25,100 – enough to pay them about £1,700 a year. The average public sector worker will retire with a pot of £427,275 – worth £17,091 a year. Private sector workers pay £14billion a year into their own retirement funds, but contribute around £21billion through their taxes for the pensions of retired public sector workers. The cost of unfunded public sector pensions liabilities – what the bill would be if all workers were paid out today – has soared past £1trillion. The TaxPayers’ Alliance also discovered that 17,150 public sector workers have already retired with pension pots worth more than £1million. They include 10,500 NHS workers, 3,680 civil servants, 1,800 teachers and 815 judges.



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