Pensions report cuts Reeves’ planned growth funds from £160bn to £11bn - short news
Chancellor had anticipated surpluses from final salary schemes would boost investment in UK economy
Plans to invest £160bn of surplus funds from final salary pension schemes to boost the UK economy over the next 10 years have been dealt a blow by a Whitehall assessment that found there was likely to be little more than £11bn available to spend.
In a knock to Rachel Reeves’s growth agenda, a report by civil servants at the Department for Work and Pensions (DWP) found that..
source: The Guardian - 07.06.2025