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Out of context

“I think we’re going to be left with an angry, disturbed Cod.”
Hargreaves Lansdown pensions analyst Laith Khalaf bemoans the Government’s decision to use the contracted-out deduction, or Cod, for calculating reductions in the £140 state pension

“I’d just like to make two other contextual points. The first concerns that four-letter word – Europe.”
Sir Howard Davies, the FSA’s first chairman, at the Council of Mortgage Lenders’ annual lunch.

“I’ve told you everything I know, you’ve drained my mind.”
Adam Smith Institute director Dr Eamonn Butler after an intense grilling by an MM hack

“1-0 to the single-tier option.”
Pensions minister Steve Webb on LibDem deputy leader Simon Hughes welcoming the pension green paper.

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