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UK set to create new pension megafunds with aim of unlocking $100 billion for investment
British Treasury chief Rachel Reeves is set to announce plans later Thursday to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.'s sub-par economic growth.
UK plans mega pension funds to unlock £80 bn investment
British finance minister Rachel Reeves announced plans to create mega pension funds by pooling assets from local government and workers' schemes. This initiative aims to unlock around £80 billion (or $104 billion) for investments in infrastructure and businesses,
Pension ‘megafunds’ to be created to boost investment and economic growth
Reeves plans law to create pension ‘megafunds’ in UK growth push
Chancellor of the Exchequer Rachel Reeves said the UK will introduce legislation next year to pool £1.3-trillion (R30.14-million) of pension savings into a series of “megafunds”, as the Labour government tries to deliver on its pledge to boost private investment and economic growth.
Reeves to create pension 'mega funds' to invest in infrastructure
Pension "mega funds" will be created under government plans to increase infrastructure investment. Reforms could "unlock £80bn" of investment, according to Treasury plans, which say bigger funds can get greater returns.
The Sun
31m
Abandoned UK airport to reopen for first event in over a decade in ‘last hurrah’ before total overhaul
AN ABANDONED
UK
airport is set to reopen for its first event in over a decade in a "last hurrah" before its total overhaul.
48m
Why has UK decided to ban new coal mines? What could the economic impact be?
The legislation is expected to have mixed economic effects. In the short term, regions dependent on coal mining may face job ...
Daily Mail
34m
A gimp, a nun and an inflatable penis walk into a bar... it must be Benidorm Brits' fancy dress day! 30,000 UK revellers take over Spanish city's streets for annual event
Thousands of rowdy British revellers dressed up as nuns, inflatable penises and gimps have taken to the streets of Benidorm ...
1d
UK Supreme Court's bad faith trademark ruling opens doors to more challenges, lawyers say
British TV company Sky applied for overly broad trademarks over its name in bad faith, the United Kingdom's Supreme Court ...
11m
on MSN
Met Office issues exact date UK will be hammered by snow next week
The Met Office has pinpointed the EXACT date the UK is likely to be hammered by snow as the weather continues to deteriorate ...
OK! Magazine UK
17h
MAFS UK bride confirms marriage is over despite final vows - and sells her wedding dress on Vinted
Married At First Sight
UK
bride Sacha Jones, 29, has sold her stunning 'naked' vow renewal dress on Vinted. After her split ...
1h
The UK’s best roast dinners revealed – so does your local make the list?
IF you’re a big fan of Sunday roasts, a new study has ranked the best in the UK – with the winning place going to a pub in ...
10h
Yorkshire blood nurse named UK's best
A haemophilia nurse from South Yorkshire has been named the best in the country. Cathy Harrison, an advanced nurse ...
1d
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 ...
7h
on MSN
MAFS UK reunion airs dramatic cliffhanger for Kieran and Kristina
Married at First Sight UK season 9 reunion offered viewers plenty of drama, but ended on a hopeful note for Kristina Goodsell ...
18h
on MSN
Bahrain activists criticise UK over King Hamad's honorary knighthood
Bahrain rejects as "baseless" a letter from three activists accusing it of mistreating detainees.
5h
on MSN
UK air traffic control failure cost up to £100mn, finds review
The chaos caused by the failure of the UK’s air traffic control network in August 2023 cost airlines and consumers as much as ...
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