Chancellor Alistair Darling has urged failed banking boss Sir Fred Goodwin to give up his £650,000 pension – threatening legal action if he fails to act voluntarily to end the controversy.
Pensions are deferred compensation. This is part of the contract that he signed all those years ago.
It may not have been a very good contract, it might be that we or you or even they wish it had not been signed in the form it was, but it is indeed a contract.
And tearing up contracts, abandoning the rule of law, is really not an action or activity that is going to help us in the future.