Days before publication of the Turner Report into pensions, a leaked letter indicated that the Chancellor had already ruled out part of its recommendations.
A Treasury spokesman refused to comment on leaks but in a speech to the Institute of Directors on Thursday night, Gordon Brown said: 'The Turner Commission will usher in an important debate about the future of pensions. The issue is not reform versus the status quo; there must be continuing reform. The issue is how we achieve the right reforms, reforms which are sustainable fair and affordable.'
According to press reports, the problem has arisen over the report's proposals that the retirement age should be raised to 67 with a consequential increase in the basic state pension which would be greater than the rate of inflation.
Not only does...