Presentation at Resolution Foundation event on boosting business investment.

4. •
• Persistent low private and public sector investment have led to a fall in
capital stock per worker
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• Growth accelerations are more likely with investment booms
• Business investment in fixed capital and innovation required for
productivity growth
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5. Source: Analysis of 'Measuring Economic Policy Uncertainty' by Scott Baker, Nicholas Bloom and Steven
J. Davis at www.PolicyUncertainty.com.

6. •
• Pressure from above: empowered owners
• Pressure from below: empowered workers
• Corporate tax levers also matter: permanent full expensing, broader,
stability
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• Planning
• SME support
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• Resourcing
• Institutions

9. •

10. •
• Expand the remit of the Pension Protection Fund (PPF), which is run with a
long term focus, to allow it to act as a state consolidation option for solvent
pension schemes
• Finalise legislative framework around private sector superfunds – allow
members to benefit from higher returns, sharing some of the surplus

11. •
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12. •
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• Transfer to authorised Master Trusts (multi-employer DC pension trusts) for
funds failing to meet stringent value for money tests

13. •
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14. •
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• One consolidated pension fund, similar scale as the large Canadian and Dutch
pension funds

15. •
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16. •
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• Mechanism: repeated interactions between workers and managers
facilitate cooperation, build trust, and improve decision-making for
the longer term
•

19. •
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• Accompanied by improved national coordination of land-use objectives, and
removal of specific barriers for net zero

20. •
• Improve scale and permanence of British Business Bank (borrow on
markets with government guarantee) and offer a co-investment fund
allowing pension funds to benefit from its expertise
•
• Build on £500m Help to Grow framework, expanding experimentation and
evaluation within the continuity of the broad programme

22. •
• Phased increase in the minimum savings rate within pensions auto-
enrolment, specifically by levelling up the minimum contributions by
both employers and employees to 6 percentage points
•
• Advising on strategy, monitoring progress and coordinating sustainable
growth policies

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