Ed MiliCluskey, the MP so useless that he was voted fourth most influential person in Doncaster by the Doncaster Free press here, is playing “Russian roulette” with people’s pensions in order to fund a cut in tuition fees to bribe students into voting Labour.
The Telegraph reports here
The Labour leader was accused of “financial illiteracy” by launching a multi-pronged attack on savings which could affect professionals saving £100 a week as well as long-serving nurses, teachers and firefighters.
Universities said the policy of cutting fees from £9,000 to £6,000 a year could jeopardise the security of their long-term funding.
Mr Miliband’s policy, which has been three-and-a-half years in the making and subject to intense rows in the shadow cabinet over whether it would help the poorest, began to unravel within hours of being launched as the Institute for Fiscal Studies warned that “high income graduates are the primary beneficiaries”.
Naturally Ed Miliband’s candidate for Ipswich supports Labour’s raid on pensions but tactically just talks about a cut in tuition fees on Ipswich Labour’s website to bribe young people into voting Labour.
The last Prime Minister to raid pensions was Gordon Brown and the pension raid helped wreck the British economy.
This proposed raid on pensions shows Labour’s contempt for the elderly. What it means is that students will have to work longer to get a pension. Under the Conservatives pensions will be protected.