Broke: How to Survive the Middle Class Crisis by David Boyle
Author:David Boyle [Boyle, David]
Language: eng
Format: epub
Tags: Economics, Education, Finance, Housing, Pensions, Politics, Work
ISBN: 9780007491056
Amazon: 0007491050
Publisher: Fourth Estate Ltd
Published: 2014-01-15T11:00:00+00:00
What went wrong? Partly the change in the structure of the big corporations — defined benefit pensions have declined in nearly every nation in the world, except in Germany and Japan, where people often still have a single employer for life. But there is another reason why the problem is especially acute in the UK, and it goes back to the spring of 1985. It was then that a bitter argument between two of the leading members of Margaret Thatcher’s cabinet threatened to derail the government, and led directly to the pensions disaster which was to come. It is a vital clue in the puzzle about the fate that is overtaking the British middle classes. In fact, it may turn out to have been one of the most important blazing rows in their history.
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