Thoughts on politics and life from a liberal perspective

Friday, 27 February 2009

6/1 odds on Shred having his pension reduced

Mike Smithson has managed to get £100 on at 6/1 that Fred Goodwin will give up some of his pension before the end of the year.

This could be a good bet but the natural cycle of news means that this story will only last a few more days maximum before other things start to bump it down the running order. Once that happens and it is fading away, it will not be in the government’s interest to do anything such as legal action or legislation to bring it back to the top of the agenda.

So, I think that unless Shred backs down in the next few days then he will keep his pension pot in full.

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