UK's largest funds are investing as little as 0.3 per cent in British businessesBritish pension funds are unpatriotically shunning UK companies, with those responsible for investments for MPs’ retirement savings being among the worst offenders.
The Parliamentary Contributory Pension Fund invests just 1.7 per cent of its £835 million assets in Britain’s listed companies – compared to 59.8 per cent in global equities outside the UK. Chancellor Jeremy Hunt described the situation of investors choosing overseas companies over their high growth UK counterparts as 'perverse'
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