A key pledge in the Labour manifesto, the fund was launched by the new chancellor, Rachel Reeves
Graham Watson's insight:
Another simple explainer, this time looking at the Labour Party's manifesto pledge to establish a National Wealth Fund. The article looks the aim of the policy, which is to increase investment in infrastructure, and represents an attempt to reinvigorate the already-existent British Business Bank.
The bank says wider economic problems led to a drop in the valuation of businesses it has invested in.
Graham Watson's insight:
This is an interesting story - not so much for the fact that the British Business Bank has made a £147m loss, but because it raises questions about whether there's a role for the state to play in financial markets.
Why does the British Business Bank have to support businesses, when there are already well-developed financial markets? And some of the firms it has invested are are interesting to say the least.
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Another simple explainer, this time looking at the Labour Party's manifesto pledge to establish a National Wealth Fund. The article looks the aim of the policy, which is to increase investment in infrastructure, and represents an attempt to reinvigorate the already-existent British Business Bank.