the labour market into a fully privausco schemic in which 2y por . Even the Financial Times, an advocate of the lory pians admitted increasing privatisation of pensions and tae focus on tae inalvidual's pension "por" is designed abore all to relieve the emplogers of any responsibility to contribute: employers national insurance contributions and taxation are extraordinarily low in Britain compared with more EU and OECD countries.
The result is that the profits are mopped up by the corporations and the pension funds - and handed out to wealthy sharcholdcrs, whie une buraca tais on thalvidual workers to haul themselves up by stead of pumping ever greater institutions - many of which are the driving force for rationalisation and redundancy in industry -a socialist solution would start by nationalising them and the banks, jobs and wages now and in the fuFar from opening up what Mrs Merton micht call "a heated debate", the Tory plans have underlined how puny is babour's response and how far the Party has retreated from the collectivist principles which even Wilson's 1970s Labour governments sought to im-