It is a national scandal that the Government failed to protect British Steel pensions – Jack Dromey
Jack Dromey MP, Labour’s Shadow Pensions Minister, responding to the Work and Pensions Select Committee’s report into the British Steel Pension Scheme, said:
“It is a national scandal that the Government and regulators failed to protect the interests of those with British Steel pensions.
“It has long been clear that Ministers were asleep at the wheel, choosing time and time again to ignore our warnings and those from steelworkers, their unions and pensions experts – that people risked being cheated out of their pensions.
“Thousands of steel workers and their families are now paying the price for Tory failure. With the recent collapse of Carillion, the Government must act urgently to protect peoples’ pensions and ensure such a devastating but preventable situation is never allowed to happen again.”