Summary
IN THE annals of political muggings, Gordon Brown's treatment of Adair Turner looks as brutal as they come. Next Wednesday, the now Lord Turner will unveil the conclusions of the Pensions Commission he has chaired for the past three years. But last week the bits of its findings the Brown Treasury likes least - proposals for a much more generous state pension, linked to changes in average earnings, paid for by raising the state pension age from 65 to 67 - were leaked to the Financial Times.
Yesterday the same paper caught sight of private correspondence between the chancellor and Turner, in which His Lordship was told bluntly he'd got his sums wrong.See the full content of this document
Extract
Will Our Prudent Chancellor Turn Into Hairshirt Premier?
The latest in a long line of fundamental rethinks about the creaking UK pension system has been ruthlessly undermined before any of the rest of us get an opportunity to digest it. Perhaps we shouldn't be surprised.
When McKinsey man - Turner spent 13 years with the global management consultancy before going off to...See the full content of this document
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