News · 26 June 2026

Pension tax relief should target UK businesses

Photo by Chris Karidis on Unsplash

Andy Haldane, president of the British Chambers of Commerce, suggests that over £50bn in pension tax relief should only go to savers investing in Britain. He argues this "home bias" would bridge a funding gap for small and medium-sized UK businesses, calling for radical tax system reforms. Haldane noted 70% of households want their savings invested in UK firms, a move opposed by City firms previously.

By BriefTea Editorial · 26 June 2026 at 9:44

Reported by The Guardian · How we write briefs