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Create a Sovereign Fund -

Submitted on Monday 8th July 2013

Published on Tuesday 9th July 2013

Current status: Closed

Closed: Wednesday 9th July 2014

Signatures: 12

Tagged with

Britain

Petition Action

Create a Sovereign Fund -

Additional Information

Britain figures nowhere in the world's top Sovereign Funds League. UAE, China and Norway amongst others, have used these to preserve and grow their wealth .While we may not have any extra funds to invest into these, we should put the share of RBS and LLoyds into these and the fund be expanded as we go along.
Additionally, faltering public utility companies could be fined in shares, rather than amounts and these too should be added to the fund.
The proceeds from natural sources (such as Shale Gas) too may be included.
This fund in the future could be used to either leverage Britain’s monetary power in the world or be deployed for welfare.
It should be protected from political interference so that it cannot be raided by any political party for short term electoral gains.
This is just a start and we could build an immense political and economic structure on this back of this idea.


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