13.11.2014 - Osborne poised to take up the ConHome manifesto proposal for a Sovereign Wealth Fund
In the ConservativeHome manifesto, we proposed “the creation of a UK Sovereign Wealth Fund into which all new public windfall revenues – for instance, the tax revenues from offshore gas and oil extraction – would be paid”. Bang on cue, the Daily Mail reports that the Government "is preparing to announce plans for a sovereign wealth fund to hold the revenues from fracking for the north of England”. The news comes via Matthew Hancock, who is to make a speech today announcing the creation of a new National College for Onshore Oil and Gas...............................................Full Article: Source
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