ECONOMIC GROWTH

Some sorely needed investment

Sir Merrick Cockell asks how will volatility in the financial markets impact on local government pension funds?

Former Chinese Premier, Zhou Enlai, is reputed to have said, when asked his view on the impact of the French Revolution, ‘it's too early to say'.

The impact of the recent Brexit vote may not take quite so long to assess, but Zhou's epithet certainly holds true for the foreseeable future. Political and economic uncertainties are unlikely to be resolved for some time.

Sir Merrick Cockell

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