|This Government will be the first post-Brexit administration, with a once in a generation opportunity to recast the kind of society and economy we want Britain to be. The post-war governments created new institutions like the NHS and the welfare state, helping to forge a new society and build a new nation. Brexit offers a chance for our generation to match the hopes and ambitions of our forefathers.
Central to that vision should be the idea of generational justice. Not expecting our children and grandchildren to pay the bills for our lifestyle today.
In this paper, John Penrose discusses how a Sovereign Wealth Fund would allow us to create a ready-made investment fund which, because of its super-long-term horizons, could be exactly the kind of patient capital which Britain’s infrastructure projects need.