Banking Turmoil

To Beat Back New York, London Seeks to Tap Pension Pot

Government wants to shift more of the country’s $3.6 trillion in retiree assets into stocks

U.K. Treasury chief Jeremy Hunt discusses Britain’s long-term growth prospects, its relationship with the European Union post-Brexit and the push to make the U.K. the Silicon Valley of Europe, including Google’s recent decision to center its global AI research in London.

LONDON—U.K. leaders desperately want to reclaim London’s status as the world’s hottest financial hub. To do that, they say, they need to change the investment behavior of people like Kerrin Rosenberg. 

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