|Britain currently faces three major problems. Firstly, we save, invest and build less than other countries – we have a rock-and-roll economy that lives for today, and does not invest for tomorrow. Second, Britain is better at inventing clever new widgets than it is at turning them into profitable and competitive companies. Thirdly, a growing, ageing population is a demographic timebomb carrying ever-growing costs, and which will have to be funded by fewer and fewer working-age people.
This report argues that a UK Sovereign Wealth Fund would help combat these issues.