Comment: LGPS nervous on infrastructure investment

Realism trumps idealism in local government, according to Michael Bow

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"Let not thy left hand know what thy right hand doeth" is not the motto of Her Majesty's Treasury - but it could be based on its approach to the Local Government Pension Scheme.

Last week The Times reported Treasury minister Danny Alexander - chief architect of public sector pension reforms - was sounding out local councils on investing in national infrastructure. Such ...

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