this post was submitted on 22 Oct 2023
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UK Economy

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UK Treasury set for £100mn windfall from nationalised banks’ pension funds (www.ft.com)
submitted 1 year ago by mannycalavera@feddit.uk to c/ukeconomy@feddit.uk
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Archive link for us less well off.

The most eye watering paragraph:

The money will make a tiny dent in the government’s debt. Public sector net debt was £2.6tn at the end of September with the interest payable that month at £700mn, according to the Office for National Statistics.

Bugger.... 😞

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