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Market Impact: 0.12

Reform Would Pay City Salaries to Lure Talent to UK Wealth Fund

Source: Bloomberg

Elections & Domestic PoliticsFiscal Policy & BudgetSovereign Debt & Ratings

Reform UK says it would hire fund managers for its proposed sovereign wealth fund at commercially competitive salaries if it wins the next general election, implying civil servants would be paid significantly more than the prime minister. The plan is primarily political, with limited direct near-term financial data, so likely impact on markets is modest unless the policy gains traction.

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