Doesn’t sound absurd, there are loads of them, and the pension is generous. But it should be easy to quantify our element.
The €100bn is absurd though. Our net contribution is about €10bn per year, and on leaving you would expect the following year to be about the same, and it would gradually fall away over a few years. I find it easy to get to €50bn, say, but much higher seems wrong.
I actually think that they should have good pensions, and should retire in comfort. It’s a much better scenario than the revolving door into industry on a huge salary, as this gives rise to all sorts of concerns about decisions taken in their last few years, and the ability to buy influence.
We had a steel industry, shipbuilding, coal, lots of manufacturing, the council houses hadn’t been sold off and the pot holes in the roads were fixed. We built new motorways, had a joined up rail system and labour laws that didn’t pick on the individual.