Not for nothing are pensions often called the third rail of politics: touch them at your peril. In America, George Bush lost authority last year as his proposed reforms to Social Security went nowhere. Now, in Britain, a plan to rebuild a crumbling pension system has been causing trouble at the very top of government. Pensions have become the latest high-voltage dispute in the long-running struggle between Tony Blair and Gordon Brown. The prime minister and the chancellor of the exchequer have been feuding over a reform plan laid out in November by the Pensions Commission, a government-appointed body.
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