Boris Johnson wants Big Bang investment drive

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The UK prime minister is urging local investors to pump money into British firms

UK Prime Minister Boris Johnson. Picture: REUTERS/JAMES GLOSSOP

In a joint letter with chancellor of the exchequer Rishi Sunak, Johnson called for “hundreds of billions of pounds” to be unleashed into longer-term UK assets, including “pioneering firms and infrastructure”. That would help secure better retirements for pensioners and support an “innovative, greener future”, he said.

Johnson and Sunak said UK investors are missing out on the returns from opportunities, leaving their international peers to reap the rewards. The prime minister flagged opportunities offered by the UK Infrastructure Bank and the forthcoming green bond plan.

 

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