25bn

Lord O’Neill calling for £25bn sovereign wealth fund

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You could almost hear the sigh of relief across the City at the end of last year when Boris Johnson swept to victory in the General Election. The threat of a Jeremy Corbyn-led Labour government nationalising vast swathes of British industry had been rejected – and bosses felt they could once again get on with … Read more

Britain’s plan for £25bn sovereign wealth fund

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Britain could be poised to launch its first ever sovereign wealth fund under plans being examined by the Government, The Mail on Sunday can reveal. Officials are understood to be ‘actively considering’ a £25billion taxpayer-backed fund to reboot struggling regional firms in the wake of the coronavirus crisis. Under the plan, the Government would buy … Read more