Finally, decisive action!!!
At last they'll fix it!!!
"The government is considering cuts to British Steel pension benefits in a bid to save Tata Steel's UK operations.
On Thursday, ministers are expected to announce a consultation on proposals that the annual pension increase be based on the Consumer Price inflation measure, which is usually below the Retail Price measure currently used.
Tata Steel is currently considering bids for its loss-making UK operations.
That sale process has been made more difficult by the £485m pension deficit"
Source: Pension benefits may be cut in bid to solve Tata Steel crisis - BBC News
An even better, fair way would be to create realistic Pensioners Inflation Index which would only take into account the stuff that old people buy, you've heard it on here first.
At last they'll fix it!!!
"The government is considering cuts to British Steel pension benefits in a bid to save Tata Steel's UK operations.
On Thursday, ministers are expected to announce a consultation on proposals that the annual pension increase be based on the Consumer Price inflation measure, which is usually below the Retail Price measure currently used.
Tata Steel is currently considering bids for its loss-making UK operations.
That sale process has been made more difficult by the £485m pension deficit"
Source: Pension benefits may be cut in bid to solve Tata Steel crisis - BBC News
An even better, fair way would be to create realistic Pensioners Inflation Index which would only take into account the stuff that old people buy, you've heard it on here first.
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