Local Government Minister claims funding black hole a myth

David Davison

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In a recent article John Healey, Minister for Local Government suggested that the local government pension funding black hole was a myth and that these schemes would not cost tax payers more.

I wonder where he thinks the money will come from? Maybe quantitative easing has actually made him think that money can be made out of thin air.

Or maybe he thinks the expenditure can just be claimed for on expenses!!

David Davison

Post by David Davison

Specialist consultant on pensions strategy for corporate, public sector and not for profit employers