Monday Musings – As Chuck Berry sang “Riding along in my automobile with no particular place to go”
As Mr H has probably lost his Ministerial Limo and his home garage, he might not have access to an automobile, and I doubt he has anywhere in particular to go and unlike Chuck Berry his babe won’t be beside him at the wheel. Being somewhat long in the tooth I remember the days when Politicians of all parties had been something other than Politicians before they entered Parliament. More importantly when they were caught out in a scandal, they resigned without having to be pushed. Am I on my own in thinking that we should have some sort of rule that said you cannot go the route of University, Special Adviser, MP, Prime Minister. To be controversial perhaps we should offer an increased salary to attract successful people from real life to become part of the Government on a cross party basis.
Apart from the fact the Bank of England has left interest rates as they were in spite of the increase in inflation which seems to be an odd decision, the story which caught my eye was in the Mail on Sunday, see how I suffer for you my readers, according to the Mail on Sunday Mr Sunak is talking to the Pensions Industry about using some of the vast sums in Workplace Pension to fund fast growing businesses , transport projects real estate and carbon friendly investments. This would mean that workers who were in a default fund, the vast majority, would have no say even if they didn’t want their pension invested in this way with one of those pesky Politicians interfering again. As you would expect the Workplace Pensions we run offer the staff our usual range of risk rated portfolios rather than the vanilla, that’s your lot, default funds.
So, to the markets
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