Burnham urged to tap up £150bn council pension surplus to boost local economies

Burnham is being encouraged to leverage the £150 billion surplus from the Local Government Pension Scheme to stimulate local economies, given the scheme's £550 billion in assets that comfortably cover the pensions of its 7 million members. This move could potentially inject much-needed funds into local initiatives, from infrastructure projects to small businesses, providing a much-needed economic boost. The suggestion underscores the potential of underutilized pension funds to address pressing local economic challenges.