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Independent Scotland faces 'pensioner time bomb'

An independent Scotland faces a "pensioner time bomb" if it choses to leave the union in referendum later this year, former Prime Minister Gordon Brown will warn in a speech later today.

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Pensions 'better protected with risks spread across UK'

Pensions have a more secure future if the "risks are spread across the UK" than if Scotland choses to be an independent nation, according to Gordon Brown.

In a speech given later today the former Prime Minister will say:

The SNP Government has said the case for independence should be judged on whether Scotland would benefit financially or not.

It is clear that pensioners are better protected when the risks are spread across the UK and it is also clear that, in the year the SNP want independence, the Scots pension bill alone is three times the income from oil revenues.

Indeed the best deal for poorer pensioners is the redistribution of resources we have negotiated within the UK which allowed pensioner poverty in Scotland to fall under Labour, from 33% in 1997 to 11% when we left office.

– Gordon Brown

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