Why the government will steal your pension

Britain has debts of about £1.5 trillion. British workers have about £1.5 trillion saved up in pension funds and insurance companies. So the maths is simple – if the government (Tory or Labour) could just get hold of our savings, it could pay back all its debt. Of course, no government would dare simply confiscate our savings. Their attempts to take our money will be more subtle. The Tories are already planning to take at least £50 billion – newspaper headlines yesterday “Osborne wants private sector money held by pension fund managers and insurance companies to fund the infrastructure programme to boost the recovery”. No doubt Tory ministers will find other ways of siphoning off our savings.

Then when Labour get back into power, you can be certain that Ed “Borrow and Spend” Balls will find some way of putting extra taxes on our savings, no doubt under the banner of “fairness”. Your savings are going to be stolen and there’s nothing you can do about it.