Suggestions:
Elections and terms should be fixed.
Electoral reform should enable, MP’s to be recalled by their local electorate for certain trigger events/offences and removed or returned as required.

Limits on state borrowing and manipulation of the money supply should be made subject to super majority.This to then be followed by an election within 3 months.

The comparatively insulated political class should have some skin in the game. Salary should be fixed to ratio of av wage,basic pension. MP’s Pensions should be fixed to ratio of the basic state pension. Not then too much need or reliance for so called independent committees- who are only human fallible individuals.

This might align interests better.

For example:
The BOE pension fund has i understand switched investments to inflation protected investments.The BOE is pursuing a money supply policy which the pension fund seems to be protecting itself.

Hoist them on their own petards, they then may take more care.

When inflation takes off, as undoubtedly it will, the market loss on some of the longer dated gilts will make losses on the stock market look like a walk in the park, and for those who hang on for fear of booking a loss: they will see inflation have the same impact on their funds.

So, if you have a pension fund, for once, forewarned is not forearmed, unless that is you have a government pension scheme .

I was thinking, in the bad old days, we depended on unfunded state pensions. We paid national insurance, but the government just spent it, rather than investing it so that it could pay the pensions when they were due.

Now we are asked to save privately for our retirements. We put money in a pension scheme, which lends it to the government. The government then spends the money it has borrowed. So that the pension funds can pay our pensions, the government will in due course have to pay back the money that it borrowed from them.

Essentially nothing has changed! The government still spends the nation’s retirement savings. A future government will still have to find money to pay the pensions of people who are saving now. Why does the British government have to be so imprudent, always?

It’s in the best interests of the financial sector to foster “violent” cycles as that’s how they make their money both when things go up and when they go down (by short selling).

They rely on the fact that most people don’t understand this so if you “blind people with science” and invent more and more complex “investments” you can make money out of peoples’ ignorance…

or you can create a bandwagon mentality whereby you persuade people that they’ll miss the boat if they don’t “invest “now and so create a bubble.

This must be what the government is hoping will happen with their gilts.

Personally I don’t rely on anyone else (usually with a vested interest) when it comes to financial decisions and only put my money in things I understand myself.

ie “keep it simple stupid”

What a shower they are.

As happened last time rates were pushed very low, the pendulum swings to the other extreme. We have an unstable economy for 20 more years.

Given your speaker was probably representing some sort of a financial institution, I guess we can now all look forward to the big push on Guilt sales, as the next form of guaranteed investment for us all.

The only people who should really be on the guilt trip is those that got us in this mess in the first place. BROWN & Co. Who should do the decent thing and resign.