After years of speculation & complaint, the Treasury has put a figure on the loss represents by the UK's failure to establish the sort of oil-revenue fed sovereign wealth fund the Norwegians have built.
The estimate is that that fund would likely be worth around a £1 trillion, but instead the funds from peak earning in the North Sea were deployed by Margaret Thatcher to fund tax cuts....
One more reason to see Margaret Thatcher as a wrecker of the UK!
#Oil #politics
https://www.bbc.co.uk/news/articles/cm4g1zrl2nrqo
Emeritus Prof. Christopher May
npub170…fuzxa
2026-10-22 05:45:59 UTC
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2026-10-22 05:45:59 UTCEvent JSON
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