Calvert Jump, Robert ORCID: https://orcid.org/0000-0002-2967-512X and Naqvi, Natalya (2019) Financial and legal barriers to the creation and operation of a British national investment bank. [Working Paper]

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Abstract

There is growing momentum in the UK for the creation of a British National Investment Bank (NIB) that would bring the UK into line with other large advanced economies, all of which have NIBs of varying forms and sizes. This is due to both the UK’s poor track record in providing patient finance (Mazzucato and Macfarlane, 2017) and because of the threat of Brexit which would involve the European Investment Bank (EIB) winding down its significant UK lending activity (House of Lords, 2019). The Labour Party introduced plans to create a NIB in its 2017 manifesto, with a supporting document entitled, “A National Investment Bank for Britain: Putting Dynamism into our Industrial Strategy” laying out some of the key characteristics of the policy (Labour Party, 2017). This policy note examines some of the financial and legal barriers to the creation of a NIB along the lines proposed by Labour.

Item Type:	Working Paper
Additional Information:	UCL Open access policy: All articles are published open access and are licensed under the CC-BY 4.0 International licence agreement. Under this licence authors retain copyright, and unrestricted reuse of the content is allowed as long as proper attribution is given to the original author of the work.
Uncontrolled Keywords:	National Investment Bank
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HC Economic History and Conditions K Law > K Law (General)
Faculty / School / Research Centre / Research Group:	Greenwich Business School Greenwich Business School > Political Economy, Governance, Finance and Accountability (PEGFA) Journal of Economic Literature Classification > Political Economy, Governance, Finance and Accountability (PEGFA) Greenwich Business School > School of Accounting, Finance and Economics
Last Modified:	18 Feb 2025 15:18
URI:	http://gala.gre.ac.uk/id/eprint/49759

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