Reported about 1 year ago
Rachel Reeves, the new Labour Chancellor of the Exchequer, is set to present the UK government's strategy to boost private investment in her debut speech. The plan aims to accelerate economic growth following the party's recent landslide election victory. Reeves will introduce initiatives to attract institutional investors for projects focusing on green energy, housing, and infrastructure. The government's emphasis on utilizing private funds has drawn comparisons to previous Labour administrations. Former Bank of England Governor Mark Carney is advising Reeves on establishing a national wealth fund.
Source: YAHOO