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UK Chancellor Rachel Reeves unveils new national wealth fund

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July 9, 2024
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The United Kingdom has launched a multi-billion pound national wealth fund with the goal of powering green investments and infrastructure development in order to grow the economy. A total of £7.3bn in state funds has been allocated thus far, with plans to make immediate investments in areas such as ports, manufacturing, and renewable energy. This initiative is part of Labour’s overall plan to…

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