The Plan all along: Britain’s plan for £25bn sovereign wealth fund: Whitehall chiefs weigh up using taxpayer money to buy stakes in family firms all over the country

  • Officials are understood to be ‘actively considering’ a £25bn taxpayer-backed fund to reboot struggling regional firms
  • The Government would buy shares in key businesses outside of London as part of Prime Minister Boris Johnson’s agenda to strive to ‘level up’ the entire country 
  •  Deep-pocketed City investors are understood to have expressed an interest

By HELEN CAHILL FOR THE MAIL ON SUNDAY

Britain could be poised to launch its first ever sovereign wealth fund under plans being examined by the Government, The Mail on Sunday can reveal.

Officials are understood to be ‘actively considering’ a £25billion taxpayer-backed fund to reboot struggling regional firms in the wake of the coronavirus crisis.

Under the plan, the Government would buy shares in key businesses outside of London as part of Prime Minister Boris Johnson’s agenda to strive to ‘level up’ the entire country after lockdown ends.The Government would buy shares in key businesses outside of London as part of Prime Minister Boris Johnson's agenda to strive to 'level up' the entire country after lockdown ends

The Government would buy shares in key businesses outside of London as part of Prime Minister Boris Johnson’s agenda to strive to ‘level up’ the entire country after lockdown ends

Eventually the shares would be returned to the original owners – typically families which founded the businesses – meaning the taxpayer would recoup the initial investment.

Deep-pocketed City investors are understood to have expressed an interest in the scheme, raising the prospect of the private sector putting in money alongside the taxpayer.

more… https://www.thisismoney.co.uk/money/news/article-8351337/Britains-plan-25bn-sovereign-wealth-fund.html

The plan all along, no private property, no private transport, everyone works for the government. (slavery by another name)

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