National Wealth Fund instructed to focus on clean energy and defence

James Murray
clock • 6 min read
Rachel Reeves || HM Treasury
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Rachel Reeves || HM Treasury

Treasury confirms National Wealth Fund’s economic capital limit is to be increased from £4.5bn to £7bn, as Kemi Badenoch's decision to oppose UK net zero target sparks fresh criticism

The government has today provided a new "strategic steer" to the National Wealth Fund, instructing the state-backed investment vehicle to prioritise projects that can accelerate clean energy development...

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