Labour’s National Wealth Fund hounded with calls for clarity Business Labour’s National Wealth Fund (NWF) faced renewed pressure on Wednesday as the Treasury Committee kicked off its inquiry into the new body. The NWF’s ability to boost economic growth across the country was the subject of questions posed by MPs to investment industry leaders. Its status as a “wealth fund” came under fire against comparisons [...]
Labour’s National Wealth Fund slammed for ‘completely misleading’ rebrand Politics The government has been accused of “gaslighting the British public” over its National Wealth Fund as the Treasury committee announced on Monday it had launched an inquiry into the new body. Originally a fixture of Labour’s 2024 manifesto – the National Wealth Fund was to consolidate the British Business Bank and the UK Infrastructure Bank, [...]
Treasury on the hunt for new National Wealth Fund boss The Treasury announced on Wednesday that it had begun searching for a new chief executive to lead the recently established National Wealth Fund. The policy bank’s current boss John Flint will exit the role this summer after overseeing the institution’s rebrand from the UK Infrastructure Bank (UKIB). Flint, who is a former HSBC group chief [...]
UK Infrastructure Bank sets aside £87m to invest in subsea cable factory September 26, 2024 The project is expected to create around 900 permanent jobs on completion, with the facility producing thousands of km of cables each year.