A group of City of London chief executives has called on the chancellor to enact reforms aimed at releasing more investor capital.
The UK Capital Markets Industry Taskforce has written to Jeremy Hunt ahead of Wednesday’s Budget, saying there is a “substantial opportunity to deploy more long-term UK pension capital into the growth drivers of the UK economy, delivering better returns for savers and faster growth for the country”.
The government has committed to a series of regulatory changes as part of the package of so-called Edinburgh reforms, but many City executives want faster action.
