UK plans to create pension megafunds with aim of unlocking $100 billion for investment
British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.'s subpar economic growth.
Reeves Plans Law to Make Pension ‘Megafunds’ in Growth Push
Chancellor of the Exchequer Rachel Reeves said the UK will introduce legislation next year to pool £1.3 trillion ($1.7 trillion) of pension savings into a series of “megafunds,” as the new Labour government tries to deliver on its pledge to boost private investment and economic growth.
'New pension megafunds plan will unlock billions for investment in infrastructure,' says Labour Minister
The UK Government plans to create pension megafunds that could unlock billions of pounds for infrastructure investment, Pensions Minister Emma Reynolds has told GB News. The initiative aims to consolidate existing pension schemes into larger funds capable of making substantial investments in major projects across Britain.
Chancellor to create pension 'megafunds' to drive economic growth - here's how it would work
A government plan to use people's pension savings to boost economic growth has broad public support, new research reveals. Do YOU think it's a good idea - take our poll.
Pension 'megafunds' to be created to boost investment and economic growth
Pension "megafunds" are set to be created to help unlock billions of pounds of investment in businesses and infrastructure. Rachel Reeves will use her first Mansion House speech as Chancellor to outline the pensions shake-up.
More UK tax rises to come if the economy doesn't get moving, economist says
James Smith, economist at ING, says U.K. Finance Minister Rachel Reeves' Mansion House reforms will be a key test of whether ...
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UK economy all but stalled in Q3
The U.K. economy slowed to a crawl in the third quarter, despite tentative signs of a pick-up in confidence amid a change of ...
UK households told one button on boiler can hand them free £206 in November
UK households are being told one button on their boiler can hand them a free £206 cash boost before Christmas. According to ...
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UK must keep trade open and EU close in fragmenting world, Bank of England's Bailey says
Bailey says open trade vital to boost weak investment Brexit contributed to weakening of UK trade flows, he adds 'We must .
UK economic growth slows down sharply in the third quarter
LONDON (AP) — U.K. economic growth slowed down sharply in the third quarter of the year, official figures showed Friday. The Office for National Statistics said growth during the July to September ...
UK weather maps show when snow will hit major Yorkshire towns and cities
Fresh weather charts show the entire nation being covered in a 48-hour blanket of snow, with the UK being hit by a cold blast ...
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UK Bishops Continue to Speak Out After Release of Assisted-Suicide Bill Text
U.K. Catholics are encouraged to contact their members of Parliament and pray for the defeat of the bill in obedience to ...
UK watchdog urges Supreme Court to act as $21 billion motor finance scandal looms
Britain's Financial Conduct Authority is pressing the Supreme Court to expedite a decision to permit lenders to appeal a ...
Away resorts reveals festive line-up for UK breaks this Christmas
Melody Munday, Head of Entertainment for Away Resorts, said: “We’re inviting families and friends to celebrate Christmas with ...
Keir Starmer tells COP29 there will be new 'ambitious' climate target for UK
The prime minister confirms the UK's target to reduce greenhouse gases by at least 81% on 1990 levels by 2035.
Crisis-era regulation has 'gone too far', UK's Reeves tells finance sector
Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain's "crown jewel" financial ...