More Reeves Madness23 Nov 2024 08:58
Forcing pension schemes to invest in the UK could leave savers worse off in retirement, Rachel Reeves has been warned.
The Chancellor announced sweeping pension reforms to drive growth in her first Mansion House speech last week, but critics accused her of risking savers’ money to drive growth and leaving taxpayers on the hook for failing public schemes.
Although Ms Reeves stopped short of ordering funds to invest in the UK, Emma Reynolds, the pensions minister, did not rule it out if the plans failed.
One expert at pensions consultancy, The Lang Cat, warned mandating UK investments was a “terrible idea” that should “not be up for negotiation”.
Who the hell would want to invest their pension in her crackpot ideas ?
Growth down
Inflation up
Unemployment up
Mortgage rates up
Taxes up
Business confidence down
This woman needs to be removed from office and prosecuted for her lies on her CV. Her own pension was left untouched of course and her 2 homes that she rents out exempted from her tax raid. What a surprise…..not. Labour are corrupt liars and unfit to govern this country.