Scandalous Asset Allocation!

Rachel Reeves plans a £50B pension boost into UK projects, shaking hands with pension funds to juice up the domestic investment scene. This “Mansion House Compact” aims to funnel a healthy slice of pension cash into home turf by 2030 – despite nixing a "Buy British" drive not long ago. Tensions bubbled over in meetings, but it seems some have found harmony. Critics worry about transparency and fiduciary duty, while Reeves banks on a balance of investment and patriotism. Politics and finance, a messy ballroom dance, as Reeves pivots from saying "Buy British" isn't the be-all and end-all.