Politicians desperate to kickstart economic growth are pondering how to co-opt the nation’s pension savings to boost investment in UK plc.
Both the Tories and Labour are looking at ways to channel the trillions of pounds stashed in retirement funds into ‘productive’ and – this is key – homegrown investments.
There is apparently a cross-party consensus that the Government is strapped for cash, higher interest rates make it too expensive to borrow much more, and pension funds are sitting on