Wednesday’s Financial Times has a report about Wall Street bank Goldman Sachs using a fund “set up with Chinese state money” to buy a number of UK and US companies – including one that the paper says provides services to the British government. Citing “multiple people with knowledge”, the FT says the bank completed said deals using a “$2.5bn (£1.9bn) private equity partnership fund it set up in 2017 with the sovereign wealth fund China Investment Corporation”
Sources suggest the UK has moved past its technical recession with first-quarter growth surpassing that of the US and Eurozone, a positive development for Rishi Sunak.