07.03.2016 - Osborne unveils sovereign wealth fund
George Osborne will announce the creation of a £100bn British sovereign wealth fund next week and lay out plans to part-privatise Britain’s rail network. In his budget on March 16 the chancellor, who has struggled to find finance for new road, rail and power schemes, is expected to hail the progress of a scheme to merge council pension funds. Six local authority funds with assets of £50bn have agreed to join forces, with another four due to sign up later this year to double the available firepower. The plan has been masterminded by the City financier Edmund Truell...............................................Full Article: Source
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