Important House of Lords debate on saving Investment Trusts from further damage
HOUSE OF LORDS WILL DEBATE LEGISLATION TO SAVE UK INVESTMENT COMPANIES AS INVESTMENT TRUSTS HIT BY NEW WAVES OF SELLING. Second Reading of Private Members’ Bill tomorrow has cross-party support and could offer quickest legislative route to revitalize sector and stop further damage. Chancellor wanted urgent change but Regulators have failed to deliver so Parliament is being asked to take back control as quickly as possible. Summary of Main Points: Tomorrow, 1st March, House of Lords will debate important…