Osborne raids town hall pensions for cash - papers

The news comes after Osborne announced his intention to use pension money to build new roads, homes and bridges, the Times reports. Local government representatives will meet the Chancellor this week to discuss the plan. Public sector unions, which are negotiating with the government over pension reform, condemned the plan as "risky". Read more here (requires subscription) UK banks ‘vulnerable' to Euro debt contagion The Bank of England's (BoE) handling of the banking sector has left it unable to cope if the European debt crisis spreads to the UK, city analysts have said. The ...