Extract from Budget debate: Pension funds - Nov 2

John McDonnell (Hayes and Harlington) (Lab):...It was mooted at one point that we would see some radical changes in this Budget with regard to pensions tax relief. I hoped, and it is not too late, that when it came to the Finance Bill there would be a link between pension tax reliefs and ensuring that pension funds provide us with their strategies for removing their investments from fossil fuel—over a two-year prospect would be realisable..

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