Sell-offs and tax cuts stripped the UK of vital assets. A national wealth fund could turn the tide
- Written by Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City, University of London
North Sea oil revenues were never invested for future generations – but now Labour plans a national wealth fund if it wins the election.tali8azar8/ShutterstockOne of Labour’s most radical manifesto pledges is the plan to create a national wealth fund. To help drive the green transition and create 600,000 green jobs, the fund aims to...
