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via finance.yahoo.comPolitics

UK to inject 20.4 billion pounds into National Wealth Fund and British Business Bank

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- British Chancellor John Healey is expected to announce £20.4 billion ($27.3 billion) in additional funding for two state-backed financial institutions in Wednesday's budget, the Financial Times reported, citing confirmation from the UK Treasury. Still guessing…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralPublic capital injection into development institutions, relevant to UK public finances.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Financial Times reports the Chancellor will announce 20.4 billion pounds in Wednesday's budget.
  2. 02The National Wealth Fund will receive 15.4 billion pounds and the British Business Bank 5 billion.
  3. 03The capital injections will be distributed over about five years.

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