Britain | Old people and young firms

The government tries to unlock growth capital for British firms

A welcome push to get pension funds to invest in British startups  

An elderly woman helps a man uphill while crossing a multicoloured pedestrianised street in the City of London.
Photograph: Getty Images

If tax cuts are manna to many Tories, pension reforms are duller fare. No surprise then that Jeremy Hunt’s announcement of a “comprehensive package” on pensions, which aims to boost growth capital for British firms and returns for savers, got fewer cheers from MPs than some other measures he announced in his autumn statement on November 22nd. Yet problems with pension investment in Britain have been allowed to fester too long. The chancellor’s interest in them is welcome.

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This article appeared in the Britain section of the print edition under the headline “Old people and young firms ”

From the November 25th 2023 edition

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