RE: Ofcom12 Dec 2023 15:51
It might well be lunatic (and inept), but not sure about the right wing bit especially when it comes to business. It certainly likes to interfere and nowadays the public expects the gov to interfere in nearly every walk of life. It's not surprising that large UK pension funds want to stay well clear of the UK. If there is adequate competition, then the gov and regulators should interfere less in commercial aspects and concentrate on factors such as pollution. Telecoms and supermarkets are very competitive, yet it is a vote winner to say they are exploiting the public and need investigating. Both the gov and regulators don't have to worry about trying to ensure their private pension doesn't keep shrinking each year.