To continue my pension theme of the morning, I just posted this on Twitter:
The question is, I think, appropriate. After all, if the opportunities to invest in the UK economy already exist and you've got £6,445,000,000,000 available to you, don't you think you might already be undertaking all the worthwhile investments already available, with the money you're already got?
And if you aren't, isn't the right question for Rachel Reeves to ask, “Why aren't you doing what is required of you?”, rather than bung some more cash their way?
If pension funds can't invest almost £6.5 trillion for the benefit of the UK economy, what difference is forcing people to pay more to them going to make? Or will it be just more money down the pan whilst the City parties and the rest of the country wonder why they are trusting them with their future well-being?
So, why does Rachel Reeves trust these people when they have so obviously failed to do a good job to date?
I wish I knew the answer to that.
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I am left wondering whether Reeves is deluded, stupid or corrupt. Maybe there is some other option but I can’t think what it might be.
She’s none of those.
Reeves is ‘connected’ that’s all.
She is representing her hinterland.
What else would someone with her professional background be doing?
And it’s not even corrupt – she is doing this in broad daylight – which given how gullible many of us are – is not a problem.
Welcome back
Hi Richard.
Would it not be obvious to say that pension funds should be already looking to investment in all areas of UK infrastructure. From health, education, energy etc, surely all these areas are guaranteed a return because there is always someone who needs them. If this is the case, then there is no need to look at private equity at all, to fund the things Government needs.
Regards
I might think that
You might think that
They might not