Gordon's "£100billion" tax grab on our pensions

Another story in the Sunday Telegraph caught my eye this morning, as I have been banging on about it for ages.

An indepent report compiled by the Institute of Actuaries, has finally worked out the Gordon Brown's "pension stealth tax" has reduced the value of retirement funds by at least £100 billion!

The report's timing will be highly embarassing for the Chancellor, as he attempts to woo Britain's voters into to thinking the he is PM material. But how can anyone trust him after he single-handedly created the pensions crisis that this country now faces.

Many young people are not setting up a pension funds, because of the poor performance of pension funds. But they are only performing poorly thanks to Gordon's tax grab.

Gordon created this mess, pensioners are finding their funds values are greatly reduced, companied are closing their schemes because of defecits, and thousands who have paid into a fund for years now find them worthless or even closed.

The pensions crisis is not going to be easy to solve, but it will never get any better unless this tax grab stops.

Thanks Gordon, it's nice to know that you care about the welfare of the elderly.