The Live Wire
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All the Jubilee bunting and decorations around look superb.
12:53Brandon Lewis MP
TWITTER
All the Jubilee bunting and decorations around look superb.
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Alex Forrest | Home Office on what contingency plans are in place re May on Eurozone and increa...
12:02Alex Forrest
TWITTER
Home Office on what contingency plans are in place re May on Eurozone and increased immigration: 'Nothing concrete and nothing specific'.
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Humza Yousaf | Scottish independence would help Labour rediscover its soul | HumzaYousaf
12:00The Guardian
BLOG
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Dan Hannan | When the EU proposes tax harmonisation, you somehow know it doesn't mean downwar...
11:57Dan Hannan
TWITTER
When the EU proposes tax harmonisation, you somehow know it doesn't mean downward harmonisation. http://t.co/xA0qIhNC
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Dan Hannan | When banks put huge prices on a euro break-up, they are hardly disinterested. Th...
11:40Dan Hannan
TWITTER
When banks put huge prices on a euro break-up, they are hardly disinterested. The end of the euro would indeed be disastrous FOR BANKS.
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Press Release
Over 12,000 teachers act to defend their pensions
14 October 2010
Following a call by the National Union of Teachers last week, more than 12,000 teachers have emailed their MPs to oppose threats to the Teachers' Pension Scheme and stand up for what they are worth.
Christine Blower, general secretary of the National Union of Teachers, the largest teachers' union, said;
"This gives a clear message to government that teachers will not stand by and see their pensions unnecessarily eroded. Since 2007, teachers have already been paying more for their pensions and the retirement age has been raised to 65. The changes agreed ensured that teachers' pensions are sustainable and affordable and the figures in Lord Hutton's report confirm this.
"This week's inflation announcement shows that RPI inflation for September is 1.5% higher than CPI. The government proposes to use CPI inflation to increase public sector pensions, including teachers' pensions, every year from now on. It is this September CPI inflation figure that will be used to increase pensions in April 2011.
"A retired teacher on a £10,000 pension will receive a pension increase that is £150 lower under this proposal than they would ordinarily have received. This is the first in an annual series of cumulative losses that will eventually lead, we estimate, to a total of £35,000 lost over twenty-five years. The NUT believes this to be a breach of accrued rights as well as a breach of an election promise."
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