People who lost their private pension in the collapse of 660 companies between 1997 and 2005 are going to benefit from an unexpected assistance, divulged on March 20, 2007, by the minister of the economy during the presentation of the budget. (Ref. 070265)
Gordon Brown indeed decided to raise from 2 to 8 billion pounds (12 billion euros) the allowance of the relief fund – the Financial Assistance Scheme – in order to compensate up to 80% the 125,000 victims swindled of their pension (as opposed to 45,000 eligible people at present.) This decision is coming after two court orders unfavorable to and embarrassing for the government. The British high court ruled, in February, that it had been wrong to disclaim the parliamentary mediator’s conclusio
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