How to make the national wealth fund work Opinion The national wealth fund must do more than just plug funding holes, through targeted and successive interventions it can help a project to reach a growing number of investors and momentum until finally it is no longer needed, says Zvi Wohlgemuth So far, many investors and equity and debt providers to energy transition projects in [...]
Rachel Reeves could shuffle fiscal rules to invest £50bn in UK economy Economics Rachel Reeves is hoping to make more than £50bn available to invest in the UK at next month’s budget by changing how the government measures debt in the fiscal rules. Senior government sources have told The Times that Reeves has asked officials to draw up options for allowing the government to offset assets against national [...]
Ditch ‘short-sighted’ share tax and lean on City to back National Wealth Fund, Reeves told The Chancellor should axe the “short-sighted” tax on share trading and “sponsor” a set of listed investment vehicles in order to unlock funding for the government’s investment plans, a body of investors has said today. In a call to the chancellor, the Association of Investment Companies (AIC), which represents listed investment trusts in the UK, [...]
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
National Wealth Fund will help create 650,000 jobs over five years, Reeves says June 17, 2024 Earlier this year the Shadow Chancellor announced the creation of a taskforce of experts to provide advice on crowding in private sector investment.