For those who are following the fight by all groups to get compensation for 3.8 million women who have waited up to six years for their pensions, here is a detailed video with John McDonnell, the Shadow Chancellor on how he intends to implement the £58 billion package
There are a number of new points revealed in this video.
- Labour is looking at offering both a weekly payment and a yearly lump sum depending on whether the women would like it.
- The implementation of the plan would begin as soon as Labour enters government.
- Labour has already talked to Whitehall civil servants so they can work up the scheme immediately Labour gets into office.
- Every woman will get a letter to prevent the previous debacle under successive governments where women did not hear of the offer
- He discloses he has talked to Michael Mansfield, the QC, who is drawing up the appeal for BackTo60 who are seeking full restitution to make sure it cannot be legally challenged.
- Labour ruled out means testing the offer because they found it would be complicated and expensive to do this and would delay payments. Bad luck economist Frances Coppola your idea wouldn’t work
- Yes it would mean Theresa May and Harriet Harman would get payments – but because it is taxable they will have to pay a big chunk back.
- Means testing would also break the principle that it is a national insurance based payment – based on entitlement not a benefit.
- He reveals the BBC had great difficulty understanding what the deal was about and why he had decided to pay it.
- Finally for tech lovers the end of the video he talks about introducing a national free broadband system – citing a small tech company in a rural area which devises new games – but can’t expand because of the poor quality broadband in its area. He points out this will be a boost for business.