{"id":228972,"date":"2025-07-01T09:46:10","date_gmt":"2025-07-01T09:46:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/228972\/"},"modified":"2025-07-01T09:46:10","modified_gmt":"2025-07-01T09:46:10","slug":"reeves-can-end-the-london-exodus-and-unleash-the-city","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/228972\/","title":{"rendered":"Reeves can end the London exodus and unleash the City"},"content":{"rendered":"<p>Compounding this problem is the exodus of UK pension funds from UK equities. Twenty years ago, pension funds held around 40% of their assets in UK equities; today it\u2019s closer to 4% as funds globalise their portfolios. <a href=\"https:\/\/www.standard.co.uk\/business\/scottish-widows-pensions-relief-taxpayer-lloyds-rachel-reeves-b1234673.html\" title=\"Scottish Widows owes it to the UK taxpayer to invest in British companies\" target=\"_blank\" rel=\"noopener\">Just this month we have heard that Scottish Widows are moving their allocation in UK equities to just 3<\/a>%. Compare that with the likes of AustralianSuper, the country\u2019s biggest fund and a national champion, which has over 20% of assets in Australian shares. The Chancellor\u2019s commitment to creating UK \u2018mega funds\u2019 with the capability and risk appetite to back long-term investment in UK growth companies will hopefully make a start in reversing this trend \u2013 as well as getting those funds to measure and publish their commitment to UK equities. Given their generous tax allowances, it is incumbent on pension funds to invest over 10% in UK shares. I\u2019d also like to see an expanded role for the British Business Bank &#8211; a success story which now provides 20% of UK venture funding. Why not extend its remit to listed businesses, similar to successful counterparts in France?<\/p>\n","protected":false},"excerpt":{"rendered":"Compounding this problem is the exodus of UK pension funds from UK equities. Twenty years ago, pension funds&hellip;\n","protected":false},"author":2,"featured_media":55931,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[748,393,4884,257,616,619,72194,16,15],"class_list":{"0":"post-228972","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-london","12":"tag-pension-funds","13":"tag-rachel-reeves","14":"tag-the-city","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114777344218811961","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/228972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=228972"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/228972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/55931"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=228972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=228972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=228972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}