UK unveils National Wealth Fund plans
- Admin
- Jul 10, 2024
- 1 min read
UK Chancellor Rachel Reeves and Business Secretary Jonathan Reynolds have initiated the establishment of a National Wealth Fund to invest in clean energy and other industries. The fund aims to mobilize private investment, generating returns for taxpayers and unlocking investment in green and growth industries. Key figures involved include former Bank of England Governor Mark Carney, Barclays chief executive CS Venkatakrishnan, Aviva chief executive Amanda Blanc, and large institutional investors.
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