@TCatInReality@mastodon.social
Post #1284719
2026-04-02 12:55 UTC
@blingoali @gareth
I would pay 50p on the Pound to UK pensions, but otherwise let the creditors lose it all.
The problem is that these contracts were written in ways that obligate the gov to cover much of the debt. That was madness.
Replies (2)
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@AndyDearden@mastodon.green 2026-04-02 13:02
@TCatInReality @blingoali @gareth that was deliberate!
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@blingoali@mastodonapp.uk 2026-04-02 13:03
@TCatInReality Fair comment - I wouldn't want the actual workers to be out of pocket. Remind me, who were the geniuses who negotiated these deals? Do they now hold or have they previously - entirely coincidentally - taken up senior positions at said companies? [EDITED to add the world 'hold', to make it read less like English is my second language 🙄] @gareth