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T&G general secretary says 'tax banks to pay pensions'

12 March 2004
The Transport and General Workers Union's (T&G) general secretary, Tony Woodley, has suggested that banks should pay a one-off windfall tax to fund restitution to workers who have lost their pensions because of company closures or cuts.

He said at a meeting in Manchester: 'The new laws to protect workers pensions in the future will help workers in the future but will do nothing for the tens of thousands whose pension funds have already been robbed. We need retrospective protection to put right this injustice.'