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What will be the outcome of Rachel Reeves' meeting with pension industry leaders by the end of July 2024?
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Resolution / Starting Odds
Reforms agreed upon and announced • 25%
Reforms agreed upon but not announced • 25%
No agreement reached • 25%
Meeting postponed • 25%
Official statements and news reports
Story
UK Chancellor Rachel Reeves Unveils Plan to Boost Economic Growth and Pension Returns by £11k
Jul 21, 2024, 08:29 AM
The UK's new Chancellor, Rachel Reeves, has unveiled a comprehensive plan aimed at boosting economic growth and improving pension returns. The Labour government has initiated a review of the pension system, encouraging town halls to use their pension funds to fuel growth. The plan includes meeting with pension industry leaders on Monday to discuss potential reforms and aims to unlock billions of pounds in UK investment. Reeves has also promised to increase some retirement incomes by over £11,000. This initiative comes amid challenging economic conditions, as Reeves seeks to spread prosperity and drive investment.
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Economy • 25%
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