One thing to note is the Billions the government has had from various pension pots over the years.
In the form of so called “surpluses” One example is the Mine worker Pension scheme.
Currently, the UK government takes 50% of a surplus from the scheme as part of a guarantee that pensions would continue to be paid after the coal industry was privatised in 1994. The UK government said pensions were approximately 30% larger than they would have been otherwise, and that the UK Treasury had received more than £3bn in return for the guarantee.
It is estimated that the figure is closer to 8 Billion.
That’s a vast amount of money
Joss
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