Planning reform is vital to reverse chronic underinvestment in the UK, L&G’s boss has said.
Sir Nigel Wilson, who will stand down as chief executive of the insurance giant and major real estate investor at the end of the year, said Britain needed an “investment-led growth strategy”.
He said: “We’ve always been underinvesting compared to our peer group, and we should reverse that.
“We’ve always thought the UK is a great place to invest … we have to sell that a little bit better internationally.”
