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New wealth fund

2 replies

Asosbabe · 11/07/2024 21:55

If they can't afford a fab interest rate they could have a prize every month like premium bonds to make people want to invest

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CranfordScones · 11/07/2024 22:37

Are you talking about a government scheme to raise funds? It would just be another form of premium bonds. That money isn't a 'wealth' fund - the government spends it all and the liability to repay the investors is now part of the government debt - borrowings which the government has to repay at some point.

Asosbabe · 11/07/2024 22:59

They probably won't offer a great % but if they could put 3.5 or4% and offer a premium bonds like possibility it might attract more people

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