Government

UK National Wealth Fund: A politically created player in Achieving Net-Zero Targets

This article reflects the opinions of its author and not necessarily those of ShareSoc. Investors are expected to supercharge the UK NWF, but will we? The UK’s National Wealth Fund (NWF) is a Labour government initiative aimed at strategically managing public assets to accelerate green investment and facilitate the transition to a low-carbon economy. With a government commitment of £7.31 billion, the NWF seeks to catalyse private investment in critical green sectors, fostering job creation and sustainable economic growth across the nation. The ...

Lord Lee asks Parliamentary Question about Capital Gains Tax

Baroness Penn, Treasury, has provided the following answer to the written parliamentary question (HL3755) from Lord Lee, Patron of ShareSoc: Question: To ask His Majesty's Government what estimate they have made of (1) the number of additional taxpayers who will have to complete Capital Gains tax returns as a result of the proposed reduction in threshold, (2) the amount of additional tax revenue that is likely to be raised, and (3) the extra cost of administration that will be required as a result of ...