There is also a timing issue - pointed out in the #ftweekend . It is at least plausible that #uk share prices will decline sharply in the near future as the #AI bubble bursts. It would make far more sense to encourage #nationalsavings and even bring back the ability to purchase #gilts over a #postoffice counter. However nobody will be lobbying for any of that!
The irony is that a return to defined benefit schemes would ease the #uk government's supposed funding problem by increasing demand for lower risk assets such as #gilts ! Odd that #torstenbell cannot see this!
Hmmm, Sushil Wadhwani (former member of the Bank of England’s monetary policy committee) argues the current high yield on Gilts reflecting market participants sentiment about the UK Govt.'s economic planning, can be brought down by a change in narrative, even as she acknowledges that narrative itself is already skewed, when compared to the reality of comparative economic policies in the US & the UK.
The Q. is: can Labour change that narrative?
https://www.theguardian.com/business/2025/sep/01/uk-gilts-market-autumn-budget