‘Sorry, darling, but I’ve decided you’re not genetically suitable to be part of a breeding programme, so I’m going to chop you up and feed you to the lions.’
One of Chancellor Rachel Reeves’s few big ideas for boosting growth was to persuade pension funds to invest more of their assets in Britain. But hold on. Today, we learned that Scottish Widows, one of the biggest funds, is dramatically reducing its exposure to this country – and it is quite right to do so.
