Tory MP: Government should give fund managers £15bn to invest in SMEs

The MP for Hitchin and Harpenden, who previously backed calls for post-Brexit deregulation of the City, said in a report published today (16 June) that the shares purchased by the UK Government could be sold back to the public at a later date with discounted shares offered "to lower-paid NHS workers and young people". Writing on behalf of Westminster think-tank, the Social Market Foundation, Afolami (pictured) is expected to float the plan in the House of Commons later today. The report, Unlocking Britain, suggests that the £15bn would be borrowed via gilt issuance and be invested via...