Singapore Sovereign Wealth Fund Cautions UK Government on Utility Regulations ...Middle East

OILPRICE - Economy

Singapore’s sovereign wealth fund has reportedly told the government that it will not invest in regulated UK water, electricity and gas utilities due to unpredictable rules on infrastructure, in a blow for Labour’s economic strategy. GIC, the world’s seventh-largest sovereign wealth fund with more than $800bn (£600bn) in assets, declared its stance during a private meeting with environment secretary Steve Reed earlier this month, according to The Sunday Times. It was said that one person at the meeting, including representatives…

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Last updated : 23 September 2024 clock 09:08 PM

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Singapore Sovereign Wealth Fund Cautions UK Government on Utility Regulations ...Middle East

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