RT by @john4brexit: This is utter tosh... 🙄

I know it suits many people - including the regulators - to blame the LDI crisis on Liz Truss, but let's just look at this £425 billion figure.

It refers to the fall in the value of DB pension fund assets over 2022 as a whole - most of which occurred well before #Truss became PM!

To be precise, asset values fell by £346 billion in the first half of the year, as rising interest rates (globally) hit the prices of bonds and property.

https://committees.parliament.uk/publications/43262/documents/215261/default

🐦🔗: https://nitter.cz/julianHjessop/status/1756296115991769156#m

[2024-02-10 12:36 UTC]