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Dan Hedley
Dan Hedley is policy advisor in charge of the New Capital Consensus project, a joint venture between Radix Big Tent, Chatham House, FinSTIC (Institute and Faculty of Actuaries) and the University of Leeds.
Before that, he was director of public policy and government affairs for Fidelity International.
The new government’s commitment to prioritising sustainable economic growth and recognising UK savings and investment as a key drivers of this growth is very welcome.
This approach acknowledges the investment system’s pivotal role in fostering growth, ensuring higher-quality retirements, and improving intergenerational fairness. Where previous governments have tended to view the investment system either as either a source of taxation or systemic risk, the current government has the opportunity to position it as a crucial intermediary — directing funds from UK savers and investors to both UK firms in need of growth capital and the country’s decarbonisation agenda.
Such a perspective has the potential to create a virtuous cycle, with increased investment driving a more productive, sustainable economy and, in turn, encouraging further investment.
To unlock this potential, however, the investment system requires reform.
Read the executive summary of New Capital Consensus’ soon-to-be released report, Reviving UK Investment Flows: A Systems Approach to Productivity and Growth, here.
New Capital Consensus (NCC) comprises a coalition of organisations who have come together to create an apolitical, not-for-profit, research project and a policy discussion forum for commercial entities, think-tanks, policymakers and regulators. Our shared purpose is to identify and promote stakeholder buy-in to the reforms needed to foster the strongest links between the UK’s savings and retirement aspirations and the sustainable growth aspirations that drive long-term prosperity.