Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will respond to the recommendations made in the Social Market Foundation's report on the potential benefits of creating a Sovereign Wealth Fund, published on 7 November 2016.

The recommendations made in the Social Market Foundation’s report published on 7 November 2016 were addressed during a Westminster Hall debate on Sovereign Wealth Funds in the House of Commons on 14 December 2016.

The government’s priority is to reduce the deficit and reduce the UK’s debt as a share of national income. Therefore, the government does not currently intend to give detailed consideration to a Sovereign Wealth Fund.