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UK Government Allocates £20.4B to Lenders | Markets & Money News
The UK is set to unveil a £20.4 billion funding boost for two state-backed banks as part of its budget announcement. Chancellor John Healey plans to allocate £15.4 billion to the National Wealth Fund and £5 billion to the British Business Bank, aimed at spurring economic growth and job creation. Over five years, this cash infusion could create approximately 100,000 jobs, focusing on sectors like AI, defense, and green energy. This strategic move emphasizes leveraging private investment through
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