Latest news with #ChancellorOfTheExchequer
Bloomberg
3 days ago
- Business
- Bloomberg
Here Are the Winners and Losers of UK's Big Spending Shake-Up
Chancellor of the Exchequer Rachel Reeves laid out how she'll divide more than £600 billion ($810 billion) of annual spending between departments, capping Labour's first year in power. The decisions will have a broad impact across the UK, where the outlays account for about a fifth of the economy. Here are the winners and losers of Wednesday's spending review.
Bloomberg
13-05-2025
- Business
- Bloomberg
Reeves Says ‘Never Say Never' on Mandating UK Pension Investment
Chancellor of the Exchequer Rachel Reeves said she didn't rule out mandating pension funds to allocate money to UK assets, as the government seeks to channel more investment into the domestic economy. 'Never say never,' Reeves said in a Bloomberg TV interview on Tuesday, when asked if she was considering forcing funds to invest in British companies and infrastructure projects. 'But I don't think it's necessary. We don't need to mandate them if people are willing to sign a voluntary accord.'
