Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate she has made of the expected return on investment for investments in the National Wealth Fund.

The National Wealth Fund will seek to make positive returns for the Exchequer across its whole portfolio, covering at least the government’s cost of borrowing and institutional overheads, in line with its Financial Framework.

This will take time to achieve and should be balanced with the National Wealth Fund’s increased risk appetite.