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Monday, 6 October 2014

Funding Boris Maxwell?

Perhaps we should start according Cap'n Boris the same regard we gave the late Cap'n Bob Maxwell; in his latest piece of public lunacy in this morning's Telegraph, Cap'n Boris urges that some £200bn of pension funds currently invested in the stock and gilt markets is withdrawn and used instead to fund lunatic schemes infrastructure projects such as, er, Boris Island airport. 

Has this gabbling fool bonked himself stupid?


john miller said...

What's most depressing is that this idea is pinched from Richard Murphy, who is not only a lefty, but a complete nutter.

Even a die-hard opportunist like Boris should see that people investing their own money are very cautious but people spending other people's money are reckless in the extreme. (See G. Brown et al).

Anonymous said...

Shit for brains, it runs in the family.

Gordon the Fence Post Tortoise said...

"It is a classic feature of a civilisation in decline that it is afflicted by an unstoppable growth in non-jobs and sinecures, funded by the state and which no one has the guts to curtail. It is the task of Tories to do the curtailing."

So what he's proposing is to give those non jobbers free access to our savings ?

Shit for brains hardly does this justice...... and is demeaning to a useful organic product.

Richard Murphy? - ah, that at least it makes "sense".

Rush-is-Right said...

"There are more than 39,000 public-sector pension funds in this country – each with its own trustees, each with its own managers and advisers and accountants."

Well if he's right about THAT, then something really needs to be done about it. But MY suggestion would be to pool all the schemes and hand the money over to (say) Standard Life.

Sebastian Weetabix said...

He is obviously an opportunist twat and he can keep his thieving communist dibs off my pension!

Anonymous said...

Gordon Brown stole my pension.

Bloke In Italy said...

As he is talking about public sector pensions and these are the people who have most control over whether these large public sector schemes actually work or not, there's actually something to be said for the idea.

Now if it were private sector pensions then obviously NO.