British finance minister Rachel Reeves will later this week announce plans to allow corporate pension scheme surpluses worth tens of billions of pounds to be released and reinvested, Sky News reported on Sunday. Reeves is seeking new sources of investment as she tries to breathe life into a stagnant British economy to fund Prime Minister Keir Starmer’s plans to raise living standards and rebuild the country’s creaking infrastructure. Citing unnamed government sources, Sky said Reeves would use a speech on Wednesday to announce plans to allow the release of surpluses estimated to be worth around 60 billion pounds ($74.87 billion) held in pension schemes that provide fixed payouts for their members.Read More
