Work and Pensions Secretary Therese Coffey said: ‘This is just one of the ways a Corbyn government would hammer hard-working people.’Labour’s plans to raid company shares will hit people’s pensions and force them to work longer, the Conservatives claimed last night. The Tories said the 10.4million who pay into pension schemes are set to lose an average of around £11,167 from their pension pots because the value of their investments would fall. This would force them to delay their retirement by almost three-and-a-half years if they want to enjoy the same quality of retirement. The Tories said the 10.4million who pay into pension schemes are set to lose an average of around £11,167 from their pension pots because the value of their investments would fall. Pictured: Prime Minister Boris Johnson todayThey said this would cause companies’ shares to fall by at least 15 per cent, hitting the size of pension funds invested in these firms.

Source: Daily Mail November 19, 2019 01:18 UTC