Tom Tugendhat exposes ‘trillions’ being wasted in pensions scandal

Security Minister Tom Tugendhat stepped away from his ministerial brief last night to launch an impassioned call for major pension reforms to improve Britain’s economy. Mr Tugendhat, who came fifth in last summer’s Tory leadership election, said Britain is living through ‘difficult times’ and warned of a ‘very real draconian threat to the free market’. He claimed major changes to the way pensions can be reinvested by the Government could get Britain growing, however. The senior Tory cited recent reports that Chancellor Jeremy Hunt is looking at changing investment rules, and said he was delighted at the news, which is ‘long overdue’. Speaking at a right-wing think tank reception, the minister told the audience: ‘The seeds of the difficulties we face were planted by Gordon Brown.’