ON WEDNESDAY of last week some 1,000 pensioners descended on Westminster to ask for a £10 increase to the state pension and the restoration of the link with earnings. The demonstration came following strikes to defend pensions in Europe. There was a rally organised by the NPC pensioners' convention and a lobby of MPs.
Britain has the lowest pensions in Europe. The government has promised that the state pension will 'wither on the vine', disappearing by 2050. Paying money into private pensions schemes can amount to throwing money into a black hole. Employers have been enjoying a prolonged pensions holiday during which they make no contribution to the pensions schemes of their work force, so that vocational pensions become worthless. We need to learn a lesson from Europe and take to the streets when our pensions are threatened.