Rachel Reeves pools £1.3trillion of pension savings in bid to boost investment in Britain and rip up financial red tape

Rachel Reeves pools £1.3trillion of pension savings in bid to boost investment in Britain and rip up financial red tape …C0NTINUE READING HERE >>>

THE Chancellor last night attempted to win back the City with plans to create pension megafunds to boost investment in Britain and rip up financial red tape.

Just a fortnight after her Budget received a frosty reception, Rachel Reeves told businesses she was still “going for growth”.

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Andrew Bailey, Governor of the Bank of England, last night agreed that the UK pension system had been ‘too fragmented’ to encourage ‘investment in the real economy’Credit: Getty

Ms Reeves wants to create her…

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