Before New Labor's landslide victory in the 1997 general election, I learned from reliable City sources that the party's future chancellor, Gordon Brown, and his economic adviser Ed Balls were planning a tax seizure of Britain's pension funds.Working secretly with the now-defunct accounting firm Arthur Andersen, they worked on a law that would repeal the tax breaks that British companies enjoyed on dividend payments into company pension schemes.The estimated £5 billion a year the government... Read this story
