The chancellor’s pet PuFins have an important role
They are the National Wealth Fund (NWF) and the British Business Bank (BBB), state-funded investment bodies that have rapidly become central to the…
According to The Guardian, they are the National Wealth Fund (NWF) and the British Business Bank (BBB), state-funded investment bodies that have rapidly become central to the government’s growth strategy.
An Office for Budgetary Responsibility for public financial institutions like the National Wealth Fund and the British Business Bank is starting to look essential Two winners in the budget are known already.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include PuFins, National Wealth Fund and British Business Bank.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- PuFins, National Wealth Fund, British Business Bank, NWF
- Section
- Business
- Figure cited
- The NWF will get another £15.4bn over the next half decade, on top of its existing £27.8bn… (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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