LONDON, April 18 (UPI) -- The British Labor Party must explain how it plans to tackle the pensions "timebomb," Conservatives said Monday.
Labor's insistence on waiting for the results of the Turner pensions review was "unacceptable," Tory Pensions Spokesman David Willetts told the BBC.
"Either they really don't know or they have proposals so nasty that they don't want anyone to know about them," he said.
The challenge came after Tory Leader Michael Howard pledged Sunday to cut taxes for people saving for pensions, saying: "Britain today faces a pensions timebomb."
For every $189 basic rate tax payers saved for a pension, a Tory government would put in an extra $18.90 using $3.2 billion of the party's promised $7.6 billion tax cuts.
But Prime Minister Tony Blair said the Tories would not be able to deliver on their pledges because they were based on a flawed economic plan.
