Sunday 18 March 2018 / 10:55 AM Business / Economy / Rebecca Long Bailey / Work and Pensions

Action on pensions “long overdue” – Long-Bailey

Rebecca Long-Bailey MP, Labour’s Shadow Business Secretary, commenting on the Prime Minister’s announcement on protecting pensions, said:

 

“We welcome this long overdue and tentative step in the right direction. For too long the interest of shareholders has been put above pension holders.

 

“We saw this with the recent collapse of Carillion, which paid out similar sums in dividends that could have filled the gaping hole in its pension fund.

 

“The next Labour government will go further and implement tight corporate governance rules to ensure that big corporations do not dodge their responsibilities towards their pensions schemes.”

 

ENDS