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Scots to lose UK pension after autonomy: Gordon Brown

 
 
 
 
 
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Former British Prime Minister Gordon Brown

Former British Prime Minister Gordon Brown has warned the Scottish people that a vote for independence from the United Kingdom would mean losing their state pensions.

“You are expecting, quite rightly, that you will get a British pension – but if there is independence, the British pension stops, the national insurance fund that you’re paying into is broken up,” Brown said during a speech in Fife.

The former premier accused the Scottish National Party (SNP) of failing to address how pensions would be paid after the country receives independence from the United Kingdom.

“They haven’t answered the basic problem – you have paid into your pension, into the UK Exchequer all your lives, you’ve paid your national insurance, you’ve paid your taxes so that you have a right to a pension…There will be a separate Scottish national insurance fund, and the rest of the UK will have the lion’s share,” he said.

This is while the Scottish government has promised that workers’ state pension entitlements would be honored, along with the prospect of having a lower retirement age than the UK, if Scotland becomes independent.

Brown went on to highlight Scotland’s two biggest obstacles post-independence, including sealing a formal deal to share the pound with the UK, and difficulties in joining the EU.

Scotland will have its independence day on 24 March, 2016 if Scottish people vote to break away from the UK in a referendum on 18 September, 2014 after more than 300 years of political union.

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