The ex-MP took to social media to share his warning to Brits about their pensions.
The ex-MP took to social media to share his warning to Brits about their pensions (Picture: Getty) This text comprises affiliate hyperlinks, we’ll obtain a fee on any gross sales we generate from it. Study extra
Jacob Rees-Mogg has issued a warning to savers throughout the UK, declaring that the Labour Authorities has launched a direct “assault” on personal property by a “dishonest” raid on pension funds. In a scathing evaluation of the present administration, the previous cupboard minister argued that the UK is sliding towards a “totalitarian regime” because the state strikes to grab management of Brits’ hard-earned financial savings.
In his eight-minute video posted on X on Tuesday (March 17), Sir Jacob – who served because the MP for North East Somerset from 2010 to 2024 – warned that the very foundations of our nation are being systematically dismantled. “Our Structure will depend on 4 nice pillars,” he defined. “These are freedom of speech, the rights of property, the rule of legislation, and democracy. Every certainly one of them is fastidiously intertwined.” He warned that if property rights are eliminated, your entire democratic construction “falls in your head”. “What does freedom of speech do for you if no one owns something?” he requested. “Rights of property make sure that the King – or in trendy phrases, the State – is beneath the legislation moderately than being the legislation.”
Labour desires to pinch your pension. Watch now: pic.twitter.com/nLxTJADWi6
— Jacob Rees-Mogg (@Jacob_Rees_Mogg) March 17, 2026
Exposing what he describes as a ‘dishonest’ energy seize, the now-GB Information presenter warned that Part 40 of the Pensions Act is the first weapon getting used to dismantle UK property rights. He claimed the Authorities is in search of the facility to direct how personal outlined contribution pension funds are invested – successfully “pinching” the selection from particular person savers. He warned that as an alternative of permitting savers to decide on between international tech giants or rising markets, the Authorities desires to pressure that cash into high-risk personal fairness or failing state infrastructure tasks.
“It’s primarily a fraud, a cheat, a lie, a dishonesty,” Sir Jacob stated. “It thinks you are wealthy, and certainly I feel there’s £2trillion value of funding in pension funds on this nation. So that they wish to raid that as a result of they’re afraid to tax it.”
Citing disastrous state tasks just like the Channel Tunnel and HS2 – which he referred to as a “white woolly mammoth” – Sir Jacob questioned why any sane Briton would belief the Authorities with their retirement pot: “The catastrophe of some Authorities infrastructure tasks is so nice that certainly you wouldn’t need your funding supervisor to be compelled to spend money on them,” he famous.
He additionally reminded viewers of the LDI (Legal responsibility-Pushed Funding) disaster, the place Authorities interference “nearly ruined” funds when rates of interest spiked.
“I noticed this occur as a constituency MP, the place Bathtub and North East Somerset Council was actually vicious to an aged farming couple to attempt to pressure them at hand over their land. They bullied, they attacked, they have been nasty too, they turned up unexpectedly, they threatened with obligatory buy.
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“This isn’t the best way the state ought to behave,” he added. “Obligatory buy needs to be terribly uncommon […] not for the comfort of the state.”
On the finish of his video, Sir Jacob left Brits with a grim reminder of the Authorities’s trajectory: “You’re taking away property rights, you pull down one of many pillars of the Structure. [This is] a socialist Authorities appearing in a typical socialist means.”
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