Lloyds coach says that forcing pensions on British assets such as “Capital Controls”.

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The head of the Lloyds Banking Group likened to force retirement pension funds to invest in UK’s assets to “capital controls”, on the pretext that addressing the housing crisis and improving British financial flexibility will be a better way to develop the economy.

Charlie Nun said that delivery would put the money “in a conflict” with its credit legal obligations to find the best returns for retirees.

“Imposing the allocation of pension funds is a form of capital monitoring. I spent 10 years of my working life in China and many of the judicial states with capital controls,” he told the Financial Times. “This is a different model and this is a difficult slope for the economy that is believed to be an open economy.”

Lloyds CEO, the largest retail bank in the United Kingdom and the owner of the Scottish Scottish pension provider, days before the speech of Dar Al -Qasr Rachel Reeves, which will include a strategy for the financial services industry.

The government is already He said it will be created “Backstop” power to force pension funds to invest in British assets, such as infrastructure, housing and fast -growing companies, as well as volunteer agreements with the sector. There is also a discussion about whether it requires specific levels of investment in stocks in the UK will help address the decline in support by the local institutions of British listed companies.

Lloyds has already pointed to 35 billion pounds for investment in British assets.

An expected announcement from Reeves Disclosure on tax -free ISA cash allowance Nun added that Nun was just a small part of the battle in the UK’s financial health reform.

He said: “Everyone is linked to the critical debate.

The ISA Cash allowance will be designed to encourage more savers on stocks amid hope to help revive the wealth of the London Stock Exchange. But Nun said that the lack of financial advice also prevented people from saving more efficiently, with about 70 percent of the British with a number of 5,000 pounds.

This week’s resort was amazed about social welfare reforms, fears that the advisor will eventually have to increase taxes to connect the 5 billion pounds of the hole in public financial resources.

There is also uncomfortable in the city, the consultant can enhance the cabinets by increasing the bank tax – one of the options included in A. Leakage By Deputy Prime Minister Angela Rainer earlier this year.

Nun said that there were no discussions on this “with the government. But he stressed that any increase in the company’s tax rate” would slow down my ability to lend to real customers and support business and growth. “

Lloyds coach highlighted that Britain is facing a “housing crisis that was forty years in this field”, especially for homes at reasonable prices, with less than 1.5 million homes available on social rents compared to the 1980s.

Before a social housing forum organized by Lloyds on Monday, Nun said that the coordination between lenders, developers, local councils and the government was necessary to resolve this issue.

The bank, which lends more than 20 billion pounds to the social housing sector, plans to convert one of the oldest data centers in Body, West Yorkshire into 124 homes at reasonable prices.

LLOYDS set itself a target to support 1 million homes on socially reasonable rents over the next decade. “I always think that if you are not an ambition for goals, this will never happen,” says Nun.

Despite the noble goals – the government also pledged to build 1.5 million homes in England in the five years to 2029 – Nun admitted that the number of homes that were built last year. Private companies hesitate to lose funds on development through construction in a shrinkage, while local councils that suffer from financial distress spend more adjustments to sustainability, as well as safety issues caused by cladding, from home construction.

Noon described a “critical need” for growth aspirations in the United Kingdom: “Because this will lead to growth in societies and productivity, which is very important as the basis for the United Kingdom.”

“We need to do more and we need to do this faster. These are huge issues for people in the UK and are not resolved quickly enough,” he said.

Nun said Lloyds has taken a “full -glass” approach to the economy, although the bank is only expected to grow between 1 and 1.5 percent annually in the next three years.

“The economy is healthier … the issue is that we do not have confidence and vision for investment and we do not make companies invest in that next stage of growth.”