The Economy

The Chancellor of the Exchequer has got a nerve. He is posing as the saviour of the millions of pensioners in this country. Does he not accept that it was his Government's action in removing advance corporation tax relief to pension funds that destroyed the pensions industry and millions of pensioners throughout the country? Furthermore, he accuses my hon. Friend the Member for Tatton (Mr. Osborne) of inaction. Where was the Chancellor's action when he set up the Financial Services Authority? It crucified the small independent financial adviser, but it failed to spot the big bankers making a huge mistake with the economy of the country.