Banking

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Chancellor Rachel Reeves has announced the government’s new £7.3bn flagship National Wealth Fund to decarbonise Britain’s heavy industry will start investing in areas such as green steel and gigafactories “immediately”.She said on Tuesday the fund’s money — to be spent over five years — would be disbursed by the state-owned UK Infrastructure Bank.Reeves said there would also be reforms to the British Business Bank, which is overseen by the Department for Business...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Stress levels are increasing among European Central Bank staff, according to a poll, which found almost 40 per cent of its employees are at risk of burnout and 9 per cent have suicidal thoughts.The survey results, seen by the Financial Times, show workplace anxiety in the ECB has increased in recent years. Some staff say they suffer from exhaustion, while others feel they lack control, are treated unfairly or are offered inadequate...

The government has pledged £7.3bn in funding for a National Wealth Fund to attract private investment into UK infrastructure.  The Chancellor, Rachel Reeves, and the Business Secretary, Jonathan Reynolds, today (June 9) instructed officials to begin work to align two key institutions under a new National Wealth Fund to invest in the “new industries of the future”. The government said aligning the UK Infrastructure Bank and British Business Bank, under the National Wealth Fund to “boost growth and unlock investment”.It said £7.3bn of additional funding will be allocated through the UK Infrastructure Bank...