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Politicians are wrong: the UK doesn’t need a sovereign wealth fund

They might be fashionable, but a state-level fund would be a bad idea

By David Wighton
The three main UK political parties are all likely to pitch a national sovereign wealth fund at the next election
The three main UK political parties are all likely to pitch a national sovereign wealth fund at the next election Photo: Getty Images

David Wighton is a columnist at Financial News

At the general election, the three largest parties in England will be highlighting the differences in their economic programmes. Yet their prospectuses are likely to have one thing in common: they will all propose some sort of UK sovereign wealth fund. And in all cases this would be a bad idea.

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