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Chancellor of the Exchequer, Rachel Reeves (pictured) at the International Investment Summit || Credit: Kirsty O'Connor/No 10 Downing Street
Chancellor Rachel Reeves is reforming the UK Infrastructure Bank into the rebranded National Wealth Fund (NWF) in order to help direct “tens of billions of pounds” of private investment into decarbonising the British economy.
In her closing speech at Labour's International Investment Summit yesterday (14 October), Reeves said the NWF will have £27.8bn at play to invest into "clean energy and growth industries". She i...
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