Tax and Fiscal Policy

Taxpayers on the hook for £50 billion Royal Mail pension liability

Neil Record quoted in Mail+

IEA Chairman Neil Record has been quoted in Mail+ commenting on the £50 billion Royal Mail pension liability incurred by the government since privatisation in 2013.

Neil said:

“The Government takeover of the Royal Mail pension fund to allow the privatisation was a deplorable sleight of hand,”

The pension fund was absorbed by the state in 2013 to reduce short-term government debt and make Royal Mail more attractive to potential investors.

The full article can be read here.