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Clause 2 - Personal allowance for 2013-14 for those born after 5 April 1948

Part of Finance (No. 2) Bill – in a Public Bill Committee at 3:15 pm on 23rd April 2013.

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Photo of John Cryer John Cryer Labour, Leyton and Wanstead 3:15 pm, 23rd April 2013

A lot that was done to damage the pension industry occurred during the deregulation and liberalisation of the 1980s and 1990s. A lot of occupational pensions are struggling to remain in surplus today because of all the lengthy pensions holidays that were taken during that period. As somebody who worked in the financial industry in the 1980s, I saw that starting to happen, and now pensioners and future pensioners are paying the price.