CITY AM – City stands ready
The front page of CITY AM reports Aviva and Lloyds are among a group of City firms to throw their weight behind the government’s National Wealth Fund today in a boost to Rachel Reeves’s plans to push private sector investment into the economy. The Investment Delivery Forum, founded by seven of the UK’s biggest insurance and long-term saving firms, has pledged to pump billions of pounds into Reeves’ new wealth fund and finance the development of areas like electric vehicles and nuclear energy infrastructure. “Members of the Forum stand ready to act to accelerate the nation’s investment into green and good infrastructure,” said Baroness Nicky Morgan, chair of the Investment Delivery Forum. “This will deliver growth, jobs and help us meet our net zero targets.”
Elsewhere, the front page also reports on Joe Biden’s announcement he will not seek re-election following a “disastrous TV debate.”