Rachel Reeves: Pension ‘megafunds’ will boost growth
Video Credit: ODN - Duration: 01:49s - Published
Rachel Reeves: Pension ‘megafunds’ will boost growth
Rachel Reeves has told City chiefs she plans to create pension “megafunds” that will “power growth” in the economy and reward British savers.
In her first Mansion House speech as Chancellor, Reeves announced plans for the megafunds which she said could bring in £80 billion to invest in businesses and infrastructure.
Report by Covellm.
Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prime Minister Sir Keir Starmer, Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds visit a business in Nuneaton to promote the government’s new industrial strategy Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves doesn’t say whether the UK believes strikes by the US on Iran were legal. The Chancellor tells broadcasters during a visit in the West Midlands: "It is up to the US to make that case. We were not involved in these actions and, of course, we would never comment on the legal advice that the government receives." Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Following the Bank of England’s decision to leave UK interest rates at 4.25%, Rachel Reeves says the government respects the Bank's decision. Speaking at the Times CEO Summit in central London, the Chancellor says, "we respect independent economic institutions, and the Bank has got an incredibly important but difficult job to do”. Report by Blairm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Rachel Reeves says it is "disappointing" to have a month of "bad data", as the latest figures show the UK economy shrunk by 0.3% in April, a figure higher than expected. But the chancellor says U.S. trade tariffs have had an impact. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Prince William attended a special event to mark the two-year anniversary of the Homewards Programme. William was joined by former prime minister Gordon Brown and entrepreneur Stephen Bartlett for the talk in Sheffield.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chris Philp has hit out at the government for "losing control of the borders" as it emerged illegal migrants have been working for food delivery companies. The shadow home secretary said the government "needs to come down on Deliveroo, UberEats and JustEat like a ton of bricks". Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The King took part in the Ceremony of the Keys in Edinburgh on Tuesday morning to celebrate the beginning of Royal Week in Scotland. The ceremony is the first of several engagements His Majesty is set to attend along with other members of the Royal Family. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Ministers arrive for a cabinet meeting at Number 10. It comes ahead of a vote to reform the welfare system in the House of Commons Tuesday. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The government has launched a review into parental leave as the current system has been criticised. Business Secretary Jonathan Reynolds said the Government will look at the whole system, including maternity leave and paternity leave, to see how it can be improved.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
![PM joins Reeves and Reynolds to promote industrial strategy [Video]](https://video.newsserve.net/300/v/20250623/1414571718-PM-joins-Reeves-and-Reynolds-to-promote-industrial.jpg)
![Chancellor: It’s up to the US to make the case for bombing [Video]](https://video.newsserve.net/300/v/20250623/1414569076-Chancellor-It-up-to-the-US-to.jpg)
![Chancellor reacts to latest interest rates decision [Video]](https://video.newsserve.net/300/v/20250619/1414298806-Chancellor-reacts-to-latest-interest-rates-decision.jpg)
![Reeves 'disappointed' that economy shrunk 0.3% in April [Video]](https://video.newsserve.net/300/v/20250612/1413694434-Reeves-disappointed-that-economy-shrunk-in.jpg)
![Prince William joins Gordon Brown at special event [Video]](https://video.newsserve.net/300/v/20250701/1415231852-Prince-William-joins-Gordon-Brown-at-special-event.jpg)
![Chris Philp slams illegal workers 'loophole' [Video]](https://video.newsserve.net/300/v/20250701/1415231790-Chris-Philp-slams-illegal-workers-loophole.jpg)
![King takes part in Ceremony of the Keys in Edinburgh [Video]](https://video.newsserve.net/300/v/20250701/1415222300-King-takes-part-in-Ceremony-of-the-Keys.jpg)
![Ministers arrive for cabinet meeting at Number 10 [Video]](https://video.newsserve.net/300/v/20250701/1415221976-Ministers-arrive-for-cabinet-meeting-at-Number-10.jpg)
![Government launch parental leave review [Video]](https://video.newsserve.net/300/v/20250701/1415219492-Government-launch-parental-leave-review.jpg)
