GORDON BROWN moved last night to end the bitter high-level government row over pension reform by announcing that he accepted the principles of the Turner commission proposals, reports The Guardian .
According to the paper, the chancellor's conversion includes restricting means-testing for benefits, which has been one of his most cherished policies, including phasing out the pension credit - his chosen vehicle for helping Britain's poorest pensioners. Brown startled and delighted his cabinet colleagues when he said he accepted 95% of the Turner commission proposals and would work to build a cross-party consensus. After months of reported conflict between the Prime Minister, Tony Blair and Brown over pension reform, including claims that Blair would overrule the chancellor, Brown yes...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes