Chancellor in new gaffe over £425bn pension reform
Rachel Reeves was accused of ‘a shocking detail comprehension’, and after receiving basic facts about one of the flagship pension reforms, registration correction was ordered, Sunday’s post may occur.
Chancellor, which was criticized for making misleading allegations in his CV, made the last wrong step when he was tested by his peers to address the economy last week.
He wants to start stagnant growth by encouraging retirement funds to invest more of his money in initiatives grown at home.
One of its plans is to create a number of municipal buildings ‘mega funds’ at the largest revision of the Local Government Pension Program (LGP) of £ 425 billion in ten years.
Answering a question of former chancellor Lord Lamont, Reeves claimed that LGPs were ruled by ’96 different administrative officials’ that they wanted to download to eight pools.
Despite the besiege of two Treasury officials and reading abundant briefing notes, he repeated the wrong allegations.
Under pressure: Rachel Reeves was accused of ‘a shocking detail comprehension’ and ordered to correct the registration after receiving basic facts about one of the flagship retirement reforms.
However, while the LGPs are managed by 86 local authorities, the number of pools is cut from eight to six under controversial laws that will force new houses to find new houses until next March.
Shadow Business Secretary Andrew Griffith, “ Surprisingly, Lucky’s Detail grammar is not better than writing the CV, ” he said.
‘While writing such great controls with the money of taxpayers, there is no time to relax with your numbers.’
A LGPS inside: ‘It is disturbing that he cannot do the basic facts correctly.’
Reeves was accused of increasing the CV on the social networking site by inflating how long he worked at the Bank of England.
The spokesman for the Lords’ Economic Affairs Committee spokesman confirmed the official record of the discussions and hearings in the Parliament until 6 August.
Treasury was contacted for the comment.
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