The State Pension


peteblue said:
Brown was the first to do it and raised £20Bn, europe eventually followed and the total raised hit £80Bn. We had diversified into the USA and bought companies in Pittsburg and Texas. The likes of Siemens were much larger with a wide range of non telecoms products and were selling these in South America etc etc. Siemens, like a lot of German companies also had Union reps on their board and the government would not allow them to go under. Siemens also previously owned 40% of a joint GEC/Plessey company and insisted on replacing smaller Telecomms products which we did sell in the likes of South Africa, Hong Kong etc with their own products before Lord Simpson bought them out of Marconi. And bought the American companies. It was complicated and it’s just history now. The share price fell from over £12 and was heading for £16 and then after Brown messed it all up ended up at about £0.0125p and the death of U.K. telecommunications. Anyway it’s in the past, and the issue pertaining to this particular thread was industry specific pension devastation in the U.K. and the poor Americans losing everything in 407K pension funds due to the collapse in the share price. Sorry to have bored everyone with this…..
Click to expand...
Do you mean 401K pension funds? I thought it was a typo earlier but you have written 407 twice now. Is 407K an actual thing?
 
Rita_Poon said:
Who flogged gas elec and water?

https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F551e5217-ca0d-49f7-b58d-b209a5d3e995_600x434.jpeg
Click to expand...
and council houses.
 

Welcome

Join Grand Old Team to get involved in the Everton discussion. Signing up is quick, easy, and completely free.

Register

Shop

Back
Top