May says she’ll fine greedy bosses who betray their workers – and nobody believes it

[Image: Daily Mirror.]

How do you like this load of old nonsense from Theresa May?

Irresponsible company bosses who “line their own pockets” while failing to protect workers’ pension schemes are to be hit with huge fines, under plans to be announced by Theresa May’s government within weeks.

Writing in the Observer after a week which saw the collapse of Carillion, the construction and outsourcing giant, with a deficit in its pension scheme of up to £900m, the prime minister says her government will act urgently to stamp out “abuse”.

A total of 28,000 members of Carillion’s 13 pension schemes are facing a cut to their retirement funds.

Other measures being considered for inclusion in a white paper in March would give regulators new powers to block or place conditions on takeovers that are deemed to put pension schemes at risk. The regulator will also be given the power to request information about how companies run schemes.

Resurrecting a commitment with which she launched her premiership – to govern “not for a privileged few, but for every one of us” – May says that while governments should not get involved in day-to-day management of businesses, the state should act now “in favour of ordinary working people”.

The trouble is, we’ve heard it all before:

Sky News doesn’t seem to think her word is worth much:

Labour’s Debbie Abrahams has pointed out that Mrs May had two previous opportunities to do the right thing – and didn’t:

And now?

It’s all true. Watch how this plays out and see if Mrs May does anything.

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3 thoughts on “May says she’ll fine greedy bosses who betray their workers – and nobody believes it

  1. Dez

    Only those Companies that do not generously donate funds to the Cons will be given slaps on the wrist…….lets see some greedy bosses behind bars for once then I might believe her that she means business.

  2. Dave Rowlands

    The trouble is that “in favour of ordinary working people”, is in that she thinks she IS along with the rest of them, are an “ordinary working person”. Not to worry, their pensions are well protected by the tax payer, no need to rock the boat too much but give the impression she is on our side and doing all they can.

Comments are closed.