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New UK government puts wealth fund at heart of investment push

LONDON, July 9 (Reuters) – Britain’s new government took a first step on Tuesday to boost public and private investment and modernise the economy, placing a National Wealth Fund atop the existing state-owned agencies and freeing up money for immediate use.
Prime Minister Keir Starmer and his finance minister Rachel Reeves hope to attract tens of billions of pounds of private capital into new and growing industries to help speed up the economy and meet the challenge of net zero.
Source: REUTER

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