More economic folly from Rachel Reeves https://www.taxresearch.org.uk/Blog/2025/01/28/more-economic-folly-from-rachel-reeves/ Rachel Reeves' big idea for pension fund investment only works if interest rates remain high, but they should not and will not. When they fall, her new pension proposal will fall with it. Is she really so clueless she can't see that?
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@RichardJMurphy Erm - didn’t BHS and many others use Pension Funds to pay for other stuff rather than investing it in Pension Funds, so their employees got almost nothing when they retired? I see no sign of a guarantee or underwriting to ensure the employees paying into this pension fund are guaranteed a minimum pension at all. This simply gives Pension money to the employers. 🤬
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