Letter: Guarantees of protection for BR pension funds

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The Independent Online
Sir: Regarding John MacGregor's assurances that there is no intention of 'doing a Maxwell' with the BR pension fund (Letters, 11 February), it is, I think, a measure of this Government's reputation that everyone instantly assumed that it intended doing exactly that.

Incidentally, Mr MacGregor seems to be unaware that the present pension is index-linked.

Yours faithfully,

G. K. STEWART

Tonbridge,

Kent

11 February

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