The pension funds of millions of working Scots were on the verge of being wiped out by Kwasi Kwarteng and Liz Truss’s uncosted tax cuts for the rich, it has been reported
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Millions of working people and businesses have money in pension funds which will pay out a guaranteed sum on retirement which could have all been lost. Conway tweeted: “Am told the BoE were responding to a “run dynamic” on pension funds - a wholesale equivalent of the run which destroyed Northern Rock.
Amid calls from the opposition parties to recall parliament and for Liz Truss and chancellor Kwarteng to abandon their tax-cutting budget for the rich, Tory MPs began turning on the Prime Minister.
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