The Future Fund: what the experts think

Back to the future, eclectica and an awkward case study

Rishi Sunak
Rishi Sunak: picking winners?
(Image credit: Leon Neal/Getty Images)

Back to the future

The idea of government trying to “back winners” fell out of favour in the Thatcher era, said John Harrington on ProactiveInvestors.co.uk. But, along with Keynesian economics, it’s back with a vengeance. This week, the Treasury revealed some of the fruits of the Future Fund scheme – which provided £1.1bn of convertible loans to 1,190 start-ups to help them through the pandemic – listing 158 companies “that have had their loans converted into equity stakes”.

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