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

The Guardian Politics Thursday 25 June 2026, 13:31 UTC By Phillip Inman 1 min read

Key Points

British Chambers of Commerce chief calls for ‘home bias’ on retirement savings to close funding gap for SMEsPension tax relief worth more than £50bn should only be offered to savers who are prepared to invest in Britain, according to Andy Haldane, the president of the British Chambers of Commerce. There should be a “home bias” that directs retirement savings into UK businesses, closing a funding gap that hampers the growth of small- and medium-sized businesses, he said.

British Chambers of Commerce chief calls for ‘home bias’ on retirement savings to close funding gap for SMEs

Pension tax relief worth more than £50bn should only be offered to savers who are prepared to invest in Britain, according to Andy Haldane, the president of the British Chambers of Commerce.

There should be a “home bias” that directs retirement savings into UK businesses, closing a funding gap that hampers the growth of small- and medium-sized businesses, he said.

UK (LOCATION) Andy Haldane (PERSON) British Chambers of Commerce (ORG) Britain (LOCATION) the British Chambers of Commerce (ORG)

Originally published by The Guardian Politics Read original →

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

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