| A group of Labour MPs have called for Britain’s £8.6bn Crown Estate to be turned into a sovereign wealth fund. The Crown Estate should start investing in foreign property and infrastructure projects around the world much like government-backed investment funds across Europe, the Middle East and Asia, the MPs will tell the Co-op party’s annual conference on Friday.
Gareth Thomas, chair of the Co-op party’s group of 33 Labour MPs, said: “A British sovereign wealth fund could promote co-operation with fast-growing overseas businesses, earning the UK vital income over the long term...............................................Full Article: Source
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