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. . . breaking with previous leaders’ form, he backed their campaign over stolen pension money. He is the first leader ever to do so.
So how much have successive governments had to contribute into the miners’ pensions scheme, in order to take out £8bn? Absolutely nothing, is the answer.
HuffPo
When we think of people who are disadvantaged, marginalised, discriminated against or persecuted, certain groups spring to mind; women, those from ethnic minority groups, or those with disabilities. We seldom, if ever, consider that such a group could exist based upon an industry. Issues predominantly affecting white, working class men and their families are often overlooked due to an emphasis on other causes, causes which, while worthy, just happen to be more en vogue or high profile than others. Sadly this is the case for our miners. They took risks for us, many had drastically shortened life spans and/or developed chronic health problems directly as a result of working in mines in order for the rest of us to have the energy we depend upon to live our lives. Not just a bit of coal for the fire, much of our electricity still comes from the 9 coal fired power stations still operating in the UK and in previous decades we were entirely dependent upon coal. Yes, there are environmental concerns about coal fired power stations and we are well on our way to embracing sustainable energy as our primary source of power. But the fact remains - when these men were working in mines our nation was, for better or worse, dependent upon coal at not just a household but an industrial level
source
An angry group of ex-miners who say they have been robbed of half their pension fund are urging Mansfield and Ashfield workers from the industry to join their national campaign. Ex-miners around the UK say it is a great injustice that their pension fund worth billions has been siphoned off by successive governments. Under a deal made in the 1990s, the Government agreed to underwrite the pension, but in return take a huge chunk of the surplus each year, with £750 million paid into Government coffers last year alone. The UK Mineworkers Pension Association for justice and Fair Play Association is campaigning to get the 50/50 split of mineworkers pension surplus renegotiated. The Mineworkers Pension Scheme said Trustees are committed to continuing to seek opportunities to improve the position for members. Former Thoresby Colliery miners Michael Newton and Charles Chiverton are official reps for the Nottinghamshire with around 50,000 former mineworkers affected. Michael Newton, 52 said: “In real terms our pensions have been slashed in half by successive governments - we have been financially penalised all the way to the grave.” “We are all in this together whether it is UDM or NUM - we are all affected by this. I want as many ex miners to sign up our campaign as possible.” He estimates the current pension fund of £11.2 billion has been whittled down by at least £8 billion over the years. He told Chad: “In 1987 they took a ’pensions holiday’ and British Coal and the Government stopped paying some £870 million for three years. “There were more pension holidays in 1991 and 1994. They creamed off a surplus of over £5 billion. “The industry was privatised in 1994 and they said it was in our best interest for the pension to be ring fenced . “There would be a 50/50 split in recognition of the scheme being government guaranteed. “The true motive was to take our surplus. “It was a very low risk pension for them - a lot of retired miners don’t live a long time so they got a good deal.”
originally posted by: Kester
www.thecanary.co...
. . . breaking with previous leaders’ form, he backed their campaign over stolen pension money. He is the first leader ever to do so.
The British government stole eight billion pounds from the miners.
So how much have successive governments had to contribute into the miners’ pensions scheme, in order to take out £8bn? Absolutely nothing, is the answer.
The breaking of the miners strike, destruction of the mining industry and the theft of the pensions are political hot potatoes. Corbyn is set to become the hero by acting his part. He will win votes and power this way.
Corbyn did nothing to end the Islington abuse. This is because the institutionalised abuse includes the sex entrapment schemes used by spooks to control parliament. Corbyn can be relied upon to continue the cover-up of the sex entrapment scheme, and therefore hold parliament under the control of the evil ones. That's why they want him in. That's why he pretends to support the miners.
www.abovetopsecret.com...
(The linked story comes up as new news on google but it's dated 27 September.)
originally posted by: crayzeed
a reply to: uncommitted
Investment? NO! Just who would they sell the coal to. They have gotten rid of all the coal fired power stations. The biggest problem which you rightly pointed out is that it's very expensive to mine coal, opencast yes, mine no. That's why every country with a successful coal industry it is heavily subsidized. The same reason is the cause of our railways demise. Oh, the railways are running but who runs them and takes the profits. That's the French and German rail companies, which just so happens they are nationalized, owned by their governments.
And the problem? Our government adamantly refuses to nationalize or even subsidize, except for private enterprise.
The railways and coal industry are one of the biggest losses for any country.