Tim Sargisson: Steel yourself for another pension scandal

As a small boy I still remember the sense of awe crossing the then recently opened Severn Bridge, with its 988-metre centre span and 29,000km of steel cables. It was a triumph of engineering and has stood the test of time as it enters its fifth decade. Without British Steel it is uncertain whether the solid foundations would have existed to create this behemoth. It is, however, becoming clear that phrases, such as ‘solid foundations' and ‘standing the test of time' are unlikely to be attributed to the firm's pension arrangements. Every one of the 130,000 steelworkers who are members o...