Labour unveils National Wealth Fund to unlock private investment

Quick Summary:

Prime Minister Keir Starmer and Deputy Prime Minister Angela Rayner have met all regional Mayors at 10 Downing Street to ‘reset the relationship’ between central and local government.

The government says it will bring forward new legislation, when parliamentary time allows, to cement the NWF in statute, making it a permanent institution at the heart of the country’s long-term growth and prosperity.

I have been clear that there is no time to waste,” said Reeves.“I have previously committed to establishing a National Wealth Fund.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: Bank Unlock Business Work Investment Wealth Fund Says Government Growth National

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 13:59:03 (6 days ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 21619540

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