The City needs a shake-up for Britain to attract the £1trillion it needs, warns Sir Nigel Wilson

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Former L&G boss Sir Nigel Wilson has published a deepdive on the state of the City’s markets today, warning that a “risk-off” culture had stymied growth.

The UK must unlock a wave of cash from domestic pension funds and revamp the structure of its capital markets to attract the £1 trillion of investment needed to achieve its target growth rate over the next decade, a report by a City grandee has found.

The Capital Markets of Tomorrow report, led by former Legal…

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