New UK government puts wealth fund at heart of investment push

LONDON, July 9 (Reuters) – Britain’s new government took a first step on Tuesday to boost public and private investment to modernise the economy, placing a National Wealth Fund to sit atop the existing state-owned British Business Bank and UK Infrastructure Bank.

Prime Minister Keir Starmer and his finance minister Rachel Reeves hope to attract investment in new and growing industries as part of their push to speed up Britain’s economy and meet the challenge of net zero.

Source: REUTER