Singapore Sovereign Wealth Fund Cautions UK Government on Utility Regulations

Singapore’s sovereign wealth fund has reportedly told the government that it will not invest in regulated UK water, electricity and gas utilities due to unpredictable rules on infrastructure, in a blow for Labour’s economic strategy. GIC, the world’s seventh-largest sovereign wealth fund with more than $800bn (£600bn) in assets, declared its stance during a private meeting with environment secretary Steve Reed earlier this month, according to The Sunday Times. It was said that one person at the meeting, including representatives…