saver

Interest rates affect the cost of borrowing and the returns available for savers.

However, some argue megafunds would not invest so much in smaller projects while some claim the changes could bring risks for pension savers.

UK public sector pension funds are not big enough to generate good returns for British savers, Chancellor Rachel Reeves has told the BBC.

That would make borrowing money cheaper, but is likely to reduce the returns available to savers.

"Thank you to the team who saved me you guys are literally life savers," she wrote in a message online.