Chancellor Rachel Reeves’ plan to grow the economy by raising billions from pension funds was dealt a blow when banking giant Lloyds Bank refused to take part. The Chancellor hopes to find £50 billion of investment for UK businesses and major infrastructure projects thanks to a new agreement with Britain’s biggest pension funds. She is signing a deal with 17 workplace pension providers today.But Scottish Widows, the pension arm of Lloyds Bank, has refused to sign the deal. The Chancellor wants UK pension funds to invest more in Britain, ra...
2025-05-13 12:49:14
By PerFlyer1 Views
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