MP for Swansea West @torstenbell.bsky.social
Joined January 2014
- Tweets20.6K
- Following962
- Followers86.4K
- Likes2.5K
Last week’s Mansion House Accord update showed progress in getting pensions capital → private markets.
More progress on Monday: Scottish Widows announced new investments into innovative UK biz via its partnership w Aberdeen Investments and IP Group.
ipgroupplc.com/news-and-even…
But there’s further to go. Billions more needs to be invested for funds to achieve the ambitions of the MH Accord. Of the £11.1bn currently invested in UK private markets, only a small % is in our most innovative companies. In the coming years, more capital needs to reach them.
Torsten Bell retweeted
Automatic enrolment got millions of workers saving - now we're introducing a default pension that guarantees the option of an income that lasts throughout retirement
Find out how Guided Retirement can give ptivate sector workers a better deal ow.ly/XrRV5103pZV
ALT Introducing Guided Retirement: proper pensions for private sector workers: a better deal for savers; an income that lasts throughout retirement; the choice to opt out.
The audacity of those who cheered on Liz Truss on full display again in Parliament.
This government has been singled out by the IMF for our borrowing reduction plans.
Their party is promising over £30bn of unfunded tax cuts. Lettuce-wilting levels of fiscal incontinence.
This century we have seen the closure of almost all private sector defined benefit pension schemes. Now we are going to act to resurrect pensions that pay an income, often inflation protected, for the entirety of your retirement
The Budget in 5 charts - and why there is more to economic policy than tax and spend torstenbell.substack.com/p/f…
Doesn’t get much more pleasant than this morning’s sun-baked door-knocking on Pleasant Street in Morriston. Thanks for the chats, offers of tea and recognition of the hard work our Morriston @SwanseaLabour councillors do
On Saturday, I had the privilege of attending the Ospreys’ first home game at the freshly redeveloped St Helen’s rugby ground.
Read my reflections on the importance of this moment and what comes next in the fight to save the club.
torstenforswansea.substack.c…
Five charts that explain the Budget, plus some reflections on the debate coming out of it – not least the importance of understanding that economic policy is about a lot more than tax and spend.
torstenbell.substack.com/p/f…
This govt sees local economic leadership as key to ending stagnation. There's a huge prize to be had from narrowing England's productivity gaps, why the fiscal devolution roadmap announced y/day will be looked back on as a v big deal. Now we just need more of that in Wales too…
