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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, People

‘UK should have created oil fund’ says Darling

Posted on 21 August 2013

Alistair Darling has acknowledged that the UK should have invested its North Sea oil bounty for future generations, but warned voters that remaining reserves cannot be both “spent and saved” by future governments.
Asked yesterday about Norway’s decision to save up its own oil cash in contrast to Britain, the leader of the pro-Union Better Together campaign said that “if we had our time over again, perhaps we should have”. He added: “But it’s a bit like regretting what happened in the 19th century. It has happened, I’m afraid.”……………………………………….Full Article: Source


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