On the evening of Monday 10 July 2023, Chancellor Jeremy Hunt delivered a speech at Mansion House in the City of London which he framed as “looking further ahead”, rather than just dealing with the immediate inflationary issues the country faces.
“I want to lay out our plans to enable our financial services sector to increase returns for pensioners, improve outcomes for investors and unlock capital for our growth businesses,” Hunt said.
These plans, or the so-called ‘Mansion House reforms’, promise to “boost returns and improve outcomes for pension fund holders while increasing funding liquidity for high-growth companies”.
Specifically, Hunt said his changes to the pension system could unlock up to £75 billion of corporate investment and boost the pension pots of retirees by 12%, equivalent to £1,000 a year.
You might be interested in...
05 Feb 2026
Every law firm that handles client money must complete an annual, independent Solicitors Regulation Authority (SRA) audit. Find out what it is, and what it covers.
Learn more
Does Your Law Firm Need an SRA Audit?
03 Feb 2026
Find out how Capital Allowances are changing from 2026 and the impact on business tax relief for plant and machinery investments.
Learn more
Changes to Capital Allowances in 2026
28 Jan 2026
Tax rate changes for dividends, savings, and rental income will be phased in across 2026 and 2027.
Watch now
Dividends, Savings and Property Income Tax Rate changes
28 Jan 2026
The government announced the new business rates. Research has revealed that more than half of firms plan to increase their prices.
Learn more
What Pressures Are Businesses Facing Thanks to UK Business Rates?
28 Jan 2026
Our TC BSN team's helped VIQU IT grow and scale their business, starting with a team of five employees to investing in three other businesses to form VIQU Group. Read more to find out how we helped.
Learn more
Case Study: VIQU IT
26 Jan 2026
Our HR Health Check is a comprehensive audit of your businesses HR operations. Watch to learn what it includes and how long it takes.
Watch now
What’s a HR Health Check?