Centralising justice is bad enough, now Labour is pushing plans to take greater control over private pension pots and dictate where that capital flows.

We need to separate money and state and seriously rethink the size and reach of government.

History keeps showing what happens when politicians steer financial decisions for everyone else.

- They incentivised diesel cars then pivoted and left owners exposed.

- They launched Help to Buy and distorted the housing market.

- They pushed green home insulation schemes then scrapped them after botched installations left homeowners with poor quality work and extra costs.

- They also hike interest rates to control inflation which crushes demand and leaves families facing higher borrowing costs and real financial misery.

Policy is made, policy reverses and individuals absorb the losses. More rules get layered on to fix the damage they caused.

This latest move on pensions is not new, governments have been trying to direct capital for years. Now it is about funnelling pension money into UK infrastructure, private companies and growth projects. All framed as being in the national interest.

The idea of pushing people into investments the government deems suitable is concerning, especially while UK retail remains restricted from easy access to a Bitcoin spot ETF.

Every day brings another example of overreach or poor judgment.

Moments like this make the case for Bitcoin even stronger.

Full article:

https://www.telegraph.co.uk/money/pensions/news/labour-force-through-plan-dictate-pension-investments/