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Brown brands no confidence vote "opportunistic"
19/04/2007
A Labour majority of 65 has beaten down a vote of no confidence presented by the Conservatives over the pension tax furore of 1997.
The Tories brought the motion "this house has no confidence in the chancellor's handling of pension benefits", claiming that Mr Brown's decision to abolish tax relief on occupational pensions had left millions of people across Britain and Northern Ireland with diminished funds.
Shadow chancellor George Osborne accused Mr Brown of "acting with stealth", with Mr Brown countering that he had made the "right decision for the country", which had helped the economy overall.
The chancellor said of Mr Osborne: "We take the long-term decisions for the economy. He has a short-term approach."
Eventually, Mr Brown carried the house by a vote of 298 to 233.
Things may be looking up for pension-holders as the Liberal Democrats have announced they are supporting the Conservatives plan to compensate the 125,000 people who lost their entire pension fund in 1997.
Mr Brown also pointed out that occupational pensions are now safeguarded by regulations introduced by the Labour government.
People in Northern Ireland wanting to know their rights on tax and pensions and how to make the most of their money should contact their solicitors.
Contact us for legal advice
The Tories brought the motion "this house has no confidence in the chancellor's handling of pension benefits", claiming that Mr Brown's decision to abolish tax relief on occupational pensions had left millions of people across Britain and Northern Ireland with diminished funds.
Shadow chancellor George Osborne accused Mr Brown of "acting with stealth", with Mr Brown countering that he had made the "right decision for the country", which had helped the economy overall.
The chancellor said of Mr Osborne: "We take the long-term decisions for the economy. He has a short-term approach."
Eventually, Mr Brown carried the house by a vote of 298 to 233.
Things may be looking up for pension-holders as the Liberal Democrats have announced they are supporting the Conservatives plan to compensate the 125,000 people who lost their entire pension fund in 1997.
Mr Brown also pointed out that occupational pensions are now safeguarded by regulations introduced by the Labour government.
People in Northern Ireland wanting to know their rights on tax and pensions and how to make the most of their money should contact their solicitors.
Contact us for legal advice
