Make pension tax relief only available to savers prepared to invest in UK, Andy Haldane says

Andy Haldane, president of the British Chambers of Commerce, advocates for redirecting pension tax relief to UK investments to support small and medium-sized enterprises (SMEs). He suggests a "home bias" in retirement savings, arguing this would help close the funding gap that limits SME growth. This move aims to bolster the UK economy by ensuring pension savings directly benefit local businesses rather than foreign markets. It's a significant proposal that could reshape the landscape for business funding in the UK.