Member

Would other creditors be affected? I have already said that they would be affected. Workers lose out quite a lot at the moment. They lost out on some of their pension rights in Carillion, BHS, Bernard Matthews and many other schemes. Why is it that workers must bear the brunt of the cost of paying other creditors when they are the least powerful of all the creditors? That is a problem. We are told that workers benefit because some of the surplus may have gone to them but, obviously, they do not benefit that much if the scheme is in deficit at the end; that does not seem to suggest that they have actually benefited. If you are leaving workers in the lurch, it means that poverty and insecurity possibly awaits many pensioners; they may well make claims for benefits and so on.