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UK government to inject an additional £20.4 billion into state-owned financial institutions

Investing.com ·

  1. 1UK Chancellor John Hill will announce an additional £20.4 billion for two UK state-owned financial institutions in Wednesday's budget.
  2. 2An additional £15.4 billion will be provided for the National Wealth Fund.
  3. 3The UK Business Bank will receive an additional £5 billion.

So what's the key point?

The UK government has decided to provide an additional £20.4 billion to two state-owned financial institutions. This involves more funding going to the National Wealth Fund and the UK Business Bank.

Source Investing.com · View original ↗

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