Editorial: Past performance is no guide to future asset growth

A speech delivered yesterday to the Institute of Public Policy and Research by Blunkett, as secretary of state for work and pensions, pushed the government’s hardline stance on welfare reform out into the open: we’re all going to have to look after ourselves, and the only way to do that is to build up assets. Most of his speech on this occasion was targeted at the needs of the lowest earners in society - those who are more likely to fall back on the State for emergency help if necessary – as he suggested it was up to the government and the financial services industry to help people get o...