The National Wealth Fund is the state investment vehicle directing sovereign assets to support growth, stability and strategic projects.
The Hemerdon tungsten and tin mine in Devon has secured up to £71 million from the National Wealth Fund to restart operations. The government will ringfence 50% of production for domestic use. The investment comprises equity and debt, with aims to ramp to full production by 2027 and support hundreds of UK jobs.
Several UK reports show business leaders warning against further taxation while stressing the need to back scaling firms. The government faces the challenge of sustaining growth in a fragile economy amid Middle East conflict spillovers and inflation pressures.
A series of proposals around council tax, stamp duty and land value tax are attracting attention as policymakers consider how to reform property taxation. The debate spans mansion taxes in Scotland, and broader reforms that could affect ownership costs and mobility.
Prime Minister Burnham has set out a cost‑of‑living agenda, unveiling measures to ease households’ bills and launch a Northern Downing Street outpost. The plan includes VAT relief on energy, a bus fare cap, and funding to end rough sleeping, with details on funding and timelines updated as the government navigates fiscal constraints.