Taking aim at government, UK’s Labour unveils national wealth fund plan

Britain’s Labour Party will unveil plans to set up a national wealth fund to invest in green projects which will benefit the public. Labour lawmakers are sensing a change in fortunes after a punishing loss at a 2019 election. The party wants to use the years before an expected election in 2024 to prove his team is ready for power. Labour’s finance policy chief will tell the conference in the northern English city of Liverpool she wants to “build British industry” The fund will be set up with an initial 8 billion pounds ($8.7 billion) earmarked for green projects.

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