Reeves’ National Wealth Fund faces ‘very challenging’ growth goal Economics Rachel Reeves faces an uphill battle as she looks to use her National Wealth Fund to ramp up the government’s economic growth mission, top MPs have warned. The Chancellor has touted the new unit as a growth-focused initiative that would unlock over £70bn in private investment. But in a new Treasury Select Committee report, the group’s [...]
National Wealth Fund boss calls for public finance consolidation Politics The boss of Labour’s National Wealth Fund has urged the government to remain open to consolidation of public finance institutions in a bid to ease confusion for the private sector. In a hearing on Tuesday, the chief executive of the National Wealth Fund (NWF) John Flint told MPs he would “encourage” the Treasury “not to [...]
National wealth fund boss slams banking industry’s risk appetite Banking The boss of the National Wealth Fund has blasted the banking industry’s risk appetite and cited the lack of risk-taking as the reason for waning growth figures. Speaking at City Week on Monday, John Flint, the chief executive of the newly-established government body, said: “The banking system is very heavily regulated and in the best [...]
Labour’s National Wealth Fund a misnomer, MPs told June 18, 2025 Labour’s National Wealth Fund faced renewed calls for clarity on Wednesday as the Treasury Committee continued its inquiry into the government’s new body. The government’s rebrand of the National Wealth Fund (NWF) from the UK Infrastructure Bank (UKIB) in October 2024 has raised questions amid confusion of the two bodies’ remits. Academics and think tank [...]
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.