LABOUR'S FIRST MOVES: Rachel Reeves' National Wealth Fund

JUL 12, 202413 MIN
Reasons Revisited

LABOUR'S FIRST MOVES: Rachel Reeves' National Wealth Fund

JUL 12, 202413 MIN

Description

<p>Ed has departed for government, and Geoff is left as custodian&nbsp;of the archive. As the Labour government makes its first raft of announcements and appointments, we delve into our back catalogue to find the ideas which might have influenced them.&nbsp;</p><br><p>In this episode, we look at Rachel Reeves' announcement of the National Wealth Fund. What are public wealth funds? What different forms can they take? What are the potential benefits to our&nbsp;country?</p><br><p>We revisit our episode&nbsp;<em>Investment for the People&nbsp;</em>from October 2022. First, we get the beginner's guide from&nbsp;UCL Associate Professor Josh Ryan-Collins. Then we hear from Professor&nbsp;Karin Thorburn about Norway’s Sovereign Wealth Fund, which (due to specific historical circumstances) is very different to the one proposed for the UK, but illustrates how a public&nbsp;wealth fund could transform the way we finance Government spending.&nbsp;</p><br><p><u>More info</u></p><p><a href="https://www.nbim.no/" rel="noopener noreferrer" target="_blank">Norway’s Sovereign Wealth Fund</a></p><p><a href="https://www.ucl.ac.uk/bartlett/public-purpose/publications/2020/nov/public-wealth-funds-supporting-economic-recovery-and-sustainable-growth-0" rel="noopener noreferrer" target="_blank">UCL IIPP Report on Public Wealth Funds</a></p><br><p><u>Guests</u></p><p>Josh Ryan-Collins, Associate Professor in Economics and Finance, UCL Institute for Innovation and Public Purpose (<a href="https://twitter.com/jryancollins" rel="noopener noreferrer" target="_blank">@jryancollins</a>) (<a href="https://twitter.com/IIPP_UCL" rel="noopener noreferrer" target="_blank">@IIPP_UCL</a>)</p><p>Karin Thorburn, Professor of Finance, Norwegian School of Economics (<a href="https://twitter.com/karinsthorburn" rel="noopener noreferrer" target="_blank">@karinsthorburn</a>) (<a href="https://twitter.com/NHHnor" rel="noopener noreferrer" target="_blank">@NHHnor</a>)</p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>