Does the government realise the amount of money employees will have to find to pay for mandatory company pensions? In many cases, at least £150 will be deducted for the pension every month.
Company pensions have a history of disasters but that's another matter though no less important.
These pension schemes will cut take-home pay in the middle of recession, which is madness. Just where are workers going to find this extra money?
Add to this increased energy bills and train fares and a depression similar to that experienced in Spain that is guaranteed by this time next year.
My advice to everyone is go on eBay and sell, sell, sell before the ship goes down.
If you appreciated this article then please consider donating to the Morning Star's Fighting Fund to ensure we can keep developing your paper.
Donate to the Fighting Fund here