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Exclusive: Birmingham MP urges Rayner to intervene amid WMPF overspend allegations

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An independent Birmingham MP has backed a call for the secretary of state, Angela Rayner, to stage an intervention freezing Birmingham City Council’s budget, amid allegations that the cash-strapped council has overpaid the pension fund.

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Ayoub Khan, an independent MP, has backed calls for the West Midlands Pension Fund (WMPF) to issue a refund to Birmingham City Council (BCC)

Volatile stock markets ahead of US president Trump’s ‘Liberation Day’ speech could weigh on asset price estimates for the LGPS triennial valuation.

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