The Prime Minister and Chancellor are set to loosen rules around pension fund investments, allowing businesses to access surplus funds for economic growth. They will meet with top executives from major companies to discuss this plan, which aims to unlock approximately £160 billion held in corporate defined-benefit pension schemes.
The prime minister and chancellor are set to change the rules around how pension funds invest, allowing them to use surplus funds to invest into the economy in their latest bid for growth. Sir Keir Starmer and Rachel Reeves will meet top executives from some of Britain's major businesses on Tuesday as they continue their quest for economic growth.
" Reeves said businesses and Government were "united on growth being the top priority", adding that she was "fighting every day to tear down the biggest barriers to growth, taking on regulators, planning processes and opposition to this urgent mission".Tuesday's meeting follows a difficult period for the government, which has seen stuttering growth figures and rising borrowing costs threaten its plans for improving public services.
PENSIONS INVESTMENTS ECONOMIC GROWTH LABOUR PARTY UK BUSINESS
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