JUST over a year ago, there was correspondence in You Say regarding pensions and I defended Mrs Thatcher's action of breaking the link between pensions and average earnings.
We now read daily of the "pensions problem" and New Labour wishes to break the link between pensions and the rate of inflation - as low as it is.
Does this not all prove Mrs Thatcher's actions were correct and shows how concerned this Government is on the question of pensions?
I am sure we are being told only half the story and believe that there is an enormous black hole looming. Time will tell.
In France and Germany, the link between pensions and earnings is still there. Imagine what their problem is like.
No wonder they can't wait for us to join the euro. Once in, we shall have to help paying their pensions.
Furthermore, the eastern European countries that are waiting to join the EU are already saying they want more out than they put in.
That means that the UK will be in a worse position than we are now - taking even less out. Whatever Tony Blair and New Labour say, we must never join the euro.
E F SHOWELL,
Fernhill Heath, Worcester.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article