Pension funds set to take a £30bn hit from Gove’s rent reforms
Pension funds are bracing for a tens-of-billion-pound hit as leveling-up secretary Michael Gove tries to save his ambition to overhaul Britain’s centuries-old property rental system. The insurance and pensions sectors are warning that Mr Gove’s current option of imposing a £250 cap on ground rent and moving to ‘peppercorn’ levels over a 20-year period could… Read More »