| A new wave of support has emerged for the creation of a UK sovereign wealth fund, which proponents believe would pump much-needed money into large infrastructure projects. Countries with sovereign wealth funds tend to run fiscal surpluses, something the UK government is a long way from achieving.
But in spite of the UK’s budget deficit, which currently runs at 3.2 per cent of gross domestic product, the idea has previously won support from Boris Johnson, the mayor of London. Last year Mr Johnson called for a citizens’ wealth fund that he claimed could build the homes the country needs and finance the roads, railways and power stations “the country is crying out for”...............................................Full Article: Source
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