Tory MP: Government should give fund managers £15bn to invest in SMEs
Recovery Fund mooted to drive sector growth
Conservative MP Bim Afolami is expected to raise the plans Parliament today
Conservative MP and former employee of HSBC Bim Afolami has called on the Treasury to establish a 'Recovery Fund' of £15bn, which would be allocated to FCA-regulated fund managers to invest in the shares of small- and medium-sized businesses in efforts to deliver "transformative growth after Covid-19".
The MP for Hitchin and Harpenden, who previously backed calls for post-Brexit deregulation of the City, said in a report published today (16 June) that the shares purchased by the UK Government could be...
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