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An open letter to the PM
4:10pm Wednesday 18th April 2012 in Letters
Sir – Dear Prime Minister. This is an exceptional year for the British people and our gracious Queen Elizabeth II in particular, being the 60th anniversary of her reign. God Bless Her.
It has also been at least 60 years since governments have discriminated against a minority of pensioners.
I live in Canada and my pension is frozen. I never get an increase, just because of where I live. I would get an annual increase if I lived in the USA. What is the difference to the Government?
It has been said that the Government cannot afford it because it would fall onto the UK taxpayers, but this is untrue. Pensions are paid from the National Insurance Fund, which is ringfenced, cannot be used for any wayward government expenditure and is primarily for pensions.
Borrowing is done through the Debt Management Office and this loan is paid back with interest. The fund is in surplus by about £40bn and is gaining £2bn every year. £1.3bn in interest was paid back last year which proves the surplus exists.
There are approximately 12.5m British pensioners worldwide, and, of those outside the UK, about 500,000 have their pensions frozen, while about the same number get the annual increases.
Worldwide, one in 25 pensioners has their pensions frozen.
The Government’s policy is discriminatory, unjust, immoral and unfair, and pushes pensioners into poverty.
I am sure Her Majesty would approve of pension parity.
George Morley, Petitcodiac, New Brunswick, Canada