[I]nvestors, like Legal and General, should de-emphasise quarterly reporting by the companies we invest in. Instead of short-term, share-price fixes such as buy-backs and mega-mergers, we should be supporting genuine investment plans which deliver returns over many years, not months… [Government should be encouraging] investing more in our infrastructure – road, rail, healthcare, energy and housing. Interest rates have never been so low, money has never been so abundant, yet so little of it has been invested in growth. Money needs to be put to constructive use: Jean-Claude Juncker has the right idea on this with the European Commission’s €350bn (£255bn) stimulus plan, and we too need to accelerate George Osborne’s Northern Powerhouse plan from concept to a reality… We need to build new asset classes – aggregated small company financings, private rental housing, specialist accommodation for retirees and students, and local infrastructure and regeneration funds – to grow real economic value. – Nigel Wilson, Group CEO, Legal and General, Sunday Telegraph 30 August 2015
We need more investment in energy efficiency, especially in buildings, and Mr Wilson’s arguments are spot-on in this context. Will these ideas be picked up in the UK?