Help the aged
Andrew Smith, the Work and Pensions Secretary, resigned this week, so he says, in order to spend more time with his family. Or maybe he was peeved at some of the comments made about him by his colleagues. What is certain is that he didn’t resign for the reason he ought to have done: that the government’s policy on pensions has been a failure. In 1997 our pension pots were brimming. Alone in Europe we looked forward to a well-heeled old age without impoverishing future taxpayers. Just seven years later, however, many seem doomed to a retirement on baked beans — bought with means-tested benefits. The change in fortunes for