Biggest UK bank snubs Reeves’s call to back Britain

Lloyds snubs Rachel Reeves's £50bn bid to boost British companies

Lloyds Bank has delivered a blow to Rachel Reeves’s investment plans by snubbing an invitation to join a £50billion pact. The lender’s pension arm has walked away from a major Government-backed deal aimed at boosting growth through British investment.Scottish Widows, which manages over £100billion in pension savings, has refused to sign the updated Mansion House Accord. The pact would see 17 of the UK’s biggest pension providers invest £50billio…

Lloyds walks away from Reeves £50bn pensions deal

Under the deal, 17 of the UK's biggest workplace pension providers have pledged to invest 10% of their default funds in private markets

Biggest UK bank snubs Reeves’s call to back Britain

Lloyds’s pension arm Scottish Widows refuses to join the Chancellor’s £50bn investment pact