It has been sad to see Rachel Reeves sucking up to American private equity firms buying out our pensions with private credit it is now finding hard to get a market for.
We have seen this Government sucking up to a few wealth managers making money out of ground rents by letting them continue to charge what they want till 2028 and then allowing them to take £250 a year for forty years for doing nothing.
Lining the pockets of billionaires.
The wealth managers suggest they are supporting people’s pensions but to me and Harry Scoffin and most importantly Hannah Spencer they are lining the pockets of billionaires.
Whether it is Labour’s Angela Rayner or the Green’s Hannah Spencer (with adjacent constituencies) we are hearing a different left wing conversation with the public. It is the public Harry Scoffin will be having with those in parliament who turn up to listen to him next Tuesday and with him, arguing for the rights of ordinary people getting ripped off by ground rents, managing agents and Fleece holders.
I agree with Scoffin, Spencer and even the Spectator. Rachel Reeves has got to stop lining the billionaires pockets. We voted Labour in – we expect to see a Labour Chancellor.