A Reform UK government would create a Sovereign Wealth Fund along the line of Norway or Singapore to back key British industries in a strategic and directed manner, Shadow Business, Trade, and Energy Secretary Richard Tice said on Tuesday.
In a speech delivered at USP Steel in Birmingham, Boston and Skegness MP and Deputy Leader of Reform UK, Richard Tice, outlined plans for a British Sovereign Wealth Fund (BSWF) of up to £575 billion, that would instantly become one of the top eight largest funds in the world.
The Reform deputy leader, who worked in the property industry prior to entering politics, will oversea a new “super department” that…
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