Pension funds to build houses

Falkirk Local Government Pension Scheme Fund has awarded fund manager Hearthstone Investments £30 million to invest in social and affordable housing in Scotland.
Over 300 affordable homes are expected to be delivered with the Scottish Government providing an initial investment of over £6 million towards 126 social homes in Falkirk and Clackmannanshire. Hearthstone predicts its ‘Housing Fund forRead more…

The Chancellor bemoans Labour’s household debt record, but official figures show the pace of borrowing rising rapidly and debt on his watch likely to hit an all-time high

In the Independent today, James Moore reported Frances O’Grady’s remarks on household debt. These followed the Queen’s Speech economy debate last week, when Tory backbencher Mark Garnier attacked Labour’s record:  “Does the Chancellor agree that the £1 trillion rise in household debt…Read more…