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

Osborne poised to take up the ConHome manifesto proposal for a Sovereign Wealth Fund

Posted on 13 November 2014

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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