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Prime minister urges pension funds to invest in start-ups to create "big bang"

Britain's pension funds have been urged by the prime minister and chancellor to invest in start-ups to create an "investment big bang" that will boost the economic recovery from the coronavirus pandemic.

In an open letter to the finance industry, Boris Johnson and Rishi Sunak said funds should consider "investing a greater proportion of their capital in long-term UK assets", such as...