The new Labour government has continued the flurry of activity that has characterised its first few days in office, as it this afternoon confirmed plans to launch its promised £7.3bn National Wealth Fund. Speaking at an event at Number 11 Downing Street, Chancellor Rachel Reeves revealed the government planned to align existing state-backed investment vehicles, such as the UK Infrastructure Bank (UKIB) and the British Business Bank, under the new National Wealth Fund. She also announced the £7.3bn of funding … read more »
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