The point being that the report notes that low and falling interest rates play merry havoc with pension valuations and deficits.
Yet absolutely nothing at all is done to explain how interest rates falling from 5% to 0.5% has affected that pensions deficit at BHS.
Personally, without knowing how to do the calculations, I’m entirely happy with the idea that Green bears some blame. But so too does the general xhange in macroeconomic conditions. And I do think that the report should at least tried to show us which was which.
It doesn’t which I think is a huge gap in it.
Almost, you know, brash Jewboy in the schmutter trade being badly treated by the establishment sorta sized gap in it.