Daily Archives: February 3, 2009

Jim Pickard

mandelson-headphones.jpgI wrote at the weekend that Lord Mandelson may be able to use the threat of final salary pension closure as a stick to beat Royal Mail workers into accepting part-privatisation.  

John Ralfe, the pensions guru, believes that workers’ cast iron pensions could be doomed either way. “As soon as the government addresses the pensions issue - with or without privatisation – they have to effectively involve state aid,” he says. Read more