| Lady Thatcher was Britain’s greatest post-war leader but in one area of economic policy she erred. In the 1980s, as oil prices continued to skyrocket following the Islamic revolution in Tehran and the so-called “tanker war” in the Gulf, her government failed to realise the long-term benefits for the UK’s economy from the creation of a sovereign wealth fund (SWF) to recycle the tax revenues from Brent.
Without the involvement of these companies, which can use the very latest technology to find and then extract more oil from the North Sea, the hope of ever creating a UK sovereign wealth fund will be lost for ever...........................................Full Article: Source
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