The Chancellor has confirmed that the date of the Autumn Budget will be Wednesday 26 November. This is relatively late, raising fears that a longer period of speculation and uncertainty will undermine confidence even further, but there are always trade-offs. I can think of five reasons why waiting might make sense. First, and perhaps most … Continue reading The case for a late Budget
Tag: bonds
The Government should not be telling pension funds where to invest
The Pension Schemes Bill (recently introduced for its second reading in Parliament) continues some sensible reforms which should tidy up the industry and boost returns for savers. However, these measures have been overshadowed by a pointless row over plans to direct more investment towards “private assets”. Most strikingly, in an interview with the Financial Times last Monday, the chief executive … Continue reading The Government should not be telling pension funds where to invest
Plain-speaking Economics 