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This is not a National Wealth Fund in the way this term is normally understood. Such Funds are the accumulation of government surpluses invested into relatively safe assets so the Fund grows over time. This UK Fund is financed by money borrowed by the state to invest in risky green new technology ventures, some of which will fail, others will have uncertain returns. It’s not about investing in more wind power so why the Treasury uses that illustration suggests even it does not understand what it’s meant to do.
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