Britain Set to Unveil £20.4bn Boost for State-Backed Lenders

‼️ 🇬🇧 BREAKING: Britain is expected to announce £20.4 billion in additional funding for two state-backed lenders in Wednesday’s budget, the Financial Times reported. The National Wealth Fund will receive £15.4 billion and the British Business Bank £5 billion over roughly five years to support businesses and investment projects.

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