The Treasury is under so much pressure it should consider becoming funded directly by the financial services industry, former cabinet secretary Gus O'Donnell has said.
Lord O'Donnell used his first speech to the House of Lords to say the Treasury is "in danger of being swamped by the pressures placed on it", the Daily Telegraph reported. Lord O'Donnell, forme...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date