Skip to content
Search

Latest Stories

Plan to put pension funds in UK firms to boost economy

Jeremy Hunt trumpeted a deal with major pension firms to put five per cent of investments – or up to £50 billion by 2030 – into high-growth businesses

Plan to put pension funds in UK firms to boost economy

CHANCELLOR Jeremy Hunt on Monday (10) unveiled plans to channel more of the nation’s pension fund cash into UK companies and boost the inflation-battered economy.

Hunt trumpeted a deal with major pension firms to put five per cent of investments – or up to £50 billion by 2030 – into high-growth businesses, in turn boosting economic activity and tax revenues that fund public services.


The Conservatives are trailing Labour before an election due next year and prime minister Rishi Sunak has vowed to slash inflation to ease a costof-living crisis.

The UK economy has been slammed by rising interest rates and stubbornly high inflation, which has eased in recent months but remains close to nine percent. “I want to... enable our financial services sector to increase returns for pensioners, improve outcomes for investors and unlock capital for our growth businesses,” Hunt told an audience of finance leaders at Mansion House in London’s financial district.

Hunt added that the UK’s pension market was the largest in Europe and worth more than £2.5 trillion.

And he wants to make Britain “the most innovative and competitive” financial centre in the world.

The new measures will, in particular, seek to make the UK stock market more attractive than elsewhere to firms looking to take their businesses public.

The number of companies conducting IPOs in London last year plunged to around 40 listings compared to more than 100 in 2021.

Hunt also laid out plans for an “entirely new kind of stock market” allowing private companies to access capital markets before they float. And he will look to “simplify our financial services rulebook” to ensure “growth-friendly regulation” without compromising the government’s commitment to stability.

“British growth driven by British financial firepower, providing higher living standards and better-funded public services,” concluded Hunt in Monday’s speech. “With cooperation between government, regulators and business closer than ever... we will deliver not just more competitive financial services but a more innovative economy.”

Britain had last year announced measures to stimulate growth in the financial sector, in particular relaxing certain curbs that were introduced after the 2008 global financial crisis.

However, despite post-Brexit reforms, London lost its crown as the top European trading hub.

More For You

UK–Africa business summit 2025

UK–Africa business summit 2025

UK–Africa business summit 2025 highlights trade, technology and resilient partnerships

Highlights:

  • Dr Sudhir Ruparelia emphasised Uganda’s growing real estate, agriculture and tourism sectors.
  • Lord Dolar Popat called for closer Commonwealth ties between Africa, the UK and India.
  • Uganda’s ministers outlined regional integration, investment climate and agricultural transformation.
  • Spiritual leader Sant Trilochan Darshan Das Ji urged ethical entrepreneurship rooted in integrity.

The 15th edition of the UK–Africa Business Summit took place on Friday, 12 September at The Royal Horseguards Hotel & One Whitehall Place, bringing together senior government leaders, entrepreneurs, investors and diaspora stakeholders to strengthen trade and investment ties between the UK and African nations.

Keep ReadingShow less
Modi & Trump

Donald Trump and Narendra Modi shake hands as they attend a joint press conference at the White House on February 13, 2025.

Reuters

India, US to discuss trade issues after tariff hike

INDIA and the United States will hold trade discussions in New Delhi on Tuesday, officials and Indian media reports said, as the two countries look to resolve a tariff dispute.

India currently faces high US tariffs on most of its exports and has not yet been able to reach a trade deal that would ease the pressure.

Keep ReadingShow less
Piyush Goyal

Piyush Goyal recalled that in February, Narendra Modi and Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025. (Photo: Getty Images)

Getty Images

Trade talks with US moving forward positively, says Indian minister Goyal

INDIA’s commerce and industry minister Piyush Goyal on Thursday said that negotiations on the proposed trade agreement between India and the United States, which began in March, are progressing in a positive atmosphere and both sides are satisfied with the discussions.

He recalled that in February, Indian prime minister Narendra Modi and US president Donald Trump had instructed their trade ministers to conclude the first phase of the bilateral trade agreement (BTA) by November 2025.

Keep ReadingShow less
Baiju Bhatt

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. (Photo: Getty Images)

Baiju Bhatt named among youngest billionaires in US by Forbes

INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.

At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.

Keep ReadingShow less
UK business district
The Canary Wharf business district including global financial institutions in London. (Photo: Getty Images)
Getty Images

Economy shows no growth in July amid political turbulence

UK's ECONOMY showed no growth in July, according to official data released on Friday, adding to a difficult week for prime minister Keir Starmer’s government.

The Office for National Statistics (ONS) said gross domestic product was flat in July, following a 0.4 per cent rise in June.

Keep ReadingShow less