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Stock impact report

UK finance chiefs are banging the drum for one major reform to boost economic growth [MSNBC.com]

Banco Santander, S.A. Sponsored ADR (Spain) (SAN) 
Company Research Source: MSNBC.com
Delegates attend day three of the Labour Party Conference 2024 at ACC Liverpool on September 24, 2024 in Liverpool, England.Ian Forsyth | Getty Images News | Getty ImagesLiverpool, ENGLAND — William Vereker, chairman of Santander U.K., cited pension reform as one of three paths to economic growth, alongside skills and education, and regulation."We are almost wholly reliant for investment in this country at the moment, on the kindness of strangers. We're reliant on external companies, external investors and so on, to invest in our stock markets, invest in our businesses, and that just isn't sustainable," Vereker told a room full of industry figures on Monday."If we do not have domestic capital investing in domestic businesses, we will not see the growth that this government is so rightly focused on," he added.BlackRock's vice president of government affairs and public policy, Muirinn O'Neill, said the new government had a "once-in-a-generation" chance to overhaul the pensions system.If Show less Read more
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