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  1. UK political figures, including Andy Burnham, Mel Stride, Ed Davey, and Rachel Reeves, are discussing economic policy, including tax rises and growth partnerships with Europe.

Calls for National Wealth Fund to become world-leading development bank

2 reports, 1 independent Updated Sep 10
Gone quiet Reached 2 outlets in its first 24 hours
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What happened

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Rachel Reeves contributed to policy discussions regarding the National Wealth Fund (NWF) with the New Economics Foundation. The NWF was launched in July 2024 by the then chancellor, Rachel Reeves, to attract private sector money for large infrastructure projects. Calls from various groups, including unions and think tanks, urged the government to boost the NWF’s financial power to revitalize industry and provide high-quality jobs.

From theguardian.com

Why it matters

Some supportBrind's analysis of the reports

The NWF is designed to attract a mix of investment, seeking roughly £3 of private funds for every £1 of taxpayer cash in schemes like gigafactories and hydrogen projects. Stakeholders are advocating for the fund to be transformed into a world-leading national development bank to deliver the necessary investment in Great Britain.

From theguardian.com

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UK political figures, including Andy Burnham, Mel Stride, Ed Davey, and Rachel Reeves, are discussing economic policy, including tax rises and growth partnerships with Europe.

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