Liberal Democrats in Business

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GOVERNMENT CONSULTS WHILE PENSIONS BURN - WEBB

2.04.16pm UTC (GMT +0000) Wed 22nd Oct 2003

Steve Webb MP, Lib Dem Shadow Secretary of State for Work and Pensions

Steve Webb MP, Lib Dem Shadow Secretary of State for Work and Pensions

Reacting to today's Government announcement that there will be further consultation on the priority order for wound up pension schemes, Steve Webb MP, Liberal Democrat Shadow Work and Pensions Secretary said: "This announcement reeks of complacency. This much needed action was first proposed in last year's Green Paper."

"The Government should be taking action not only on this issue but also compensating workers who have already lost their promised company pensions."

"The Government continues to consult while pensions burn."

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