News Summary

• If public investment is to meet its full potential, it must be reorganized to operate at scale on the public's behalf.
• UK Chancellor of the Exchequer John Healey pledged to “sharpen the focus” of the country’s public-finance institutions.
• Four more regions are to become strategic partners of the National Wealth Fund (NWF) The British Business Bank will deploy an additional £150 million ($199 million) to help scale up firms in the north.