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MNI INTERVIEW: UK To Offer To Share Green Venture Risk- Aikman

Former Senior BOE official Professor David Aikman talks about the UK Budget's investment challenge.

MNI (LONDON) - The UK government is likely to promise private investors it would assume the first tranche of any losses in a bid to drive GBP30 billion in climate-related investment, former senior Bank of England official and King’s Business School finance professor David Aikman told MNI.

But public exposure would have a hard ceiling at the GBP7.3 billion contribution from the government’s new National Wealth Fund, with no hidden state commitment to bailouts if things go wrong, Aikman said in an interview.

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MNI (LONDON) - The UK government is likely to promise private investors it would assume the first tranche of any losses in a bid to drive GBP30 billion in climate-related investment, former senior Bank of England official and King’s Business School finance professor David Aikman told MNI.

But public exposure would have a hard ceiling at the GBP7.3 billion contribution from the government’s new National Wealth Fund, with no hidden state commitment to bailouts if things go wrong, Aikman said in an interview.

Keep reading...Show less