Britain could be poised to launch its first ever sovereign wealth fund under plans being examined by the Government, The Mail on Sunday can reveal. Officials are understood to be ‘actively considering’ a £25billion taxpayer-backed fund to reboot struggling regional firms in the wake of the coronavirus crisis. Under the plan, the Government would buy … Read more
As crunch time approaches for Sirius Minerals, the fertiliser company boring a massive tunnel underneath the North York Moors, investors have been eagerly snapping up its shares. Sirius is trying to thrash out a financing agreement worth more than £2.5billion with an unnamed major financial institution, which should secure the construction of its Yorkshire polyhalite … Read more
Universities could face a £2.5 billion funding ‘black hole’ amid predictions that 121,000 fewer students from abroad will enter higher education during the coronavirus pandemic, a report has warned. Tens of thousands of jobs risk being lost if the Government fails to take urgent action to mitigate the impact of the crisis, according to research … Read more