Mansion House speech – worthy intention but will it make much difference to Britain?
The chancellor could and should have been far more radical. There is still no requirement to use any pension assets to back British growth. Just merging pension funds is no guarantee of boosting returns or improving UK infrastructure. Of course I applaud the Chancellors worth intention to facilitate more pension asset investment in higher expected return projects. Her radical reforms, however, could and should have been much bolder. With £70billion of taxpayer funds going into people’s pensions each year, surely…