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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 Ian Mearns Ian Mearns Labour, Gateshead 3:15 pm, 23rd April 2013

My hon. Friend makes a really important point. In fact, private company pension funds were not the only ones encouraged to take pension holidays, because Mrs Thatcher’s Government regularly encouraged local authority pension funds to take them during the 1980s, which has left the funds in a much worse position than would otherwise have been the case.