No, private equity creates a return, which is solely for the benefit of the private equity operator, and they don't care about anybody else. So, private equity has already won from supporting Labour, and has no doubt rewarded Labour as a consequence, which is why politicians fall for these people. I've already mentioned the likelihood is that in many private equity invested companies there will be a reduction in employment because those employees will be outsourced, because something as messy as employing people is not the type of financial operation in which a private equity investor wishes to be involved. So, the very idea that pension funds should invest in these private equity operations to provide value for pensioners, whose jobs are actually undermined by the private equity operation is absurd. Private equity is a force for destruction within our economy.Why does Rachel Reeves believe otherwise?

Source: The Guardian November 24, 2024 12:21 UTC