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North Sea oil revenues were never invested for future generations – but now Labour plans a national wealth fund if it wins the election. tali8azar8/Shutterstock

Sell-offs and tax cuts stripped the UK of vital assets. A national wealth fund could turn the tide

Decades of privatisation have left the UK asset-poor – but a national wealth fund as proposed by Labour could help to future-proof the country’s finances.
The Conservatives’ manifesto relies on efficiency savings, welfare cuts and a crackdown on tax evasion. Benjamin Cremel/Associated Press/Alamy Stock Photo

Three ways politicians always promise to raise money without increasing taxes – and why they rarely deliver

Tax evasion crackdowns, efficiency savings and welfare cuts are easy political sells – but getting these measures to deliver large amounts of revenue is much more difficult.

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