Discussion · Government Orders
Gabriel Hardy Conservative
“The Prime Minister is calling this a sovereign wealth fund, but it is not one. It is funded by debt. England made the same kind of fund when the Prime Minister worked there, and they did not call it a sovereign wealth fund. He knows better, and calling it that is a mistake.”
“Mr. Speaker, this is very odd. In 2024, England set up a fund exactly like that. It was a fund directly financed with debt. The British Parliament refused to call it a sovereign wealth fund because that is not what it was. The term does exist, and it applies in some countries, such as Norway. However, the concept we are discussing is not a real sovereign wealth fund. Oddly enough, our current Prime Minister was a consultant. He was there to help the British Parliament put that in place. He knows that this is not a sovereign wealth fund. He is using the term, but not the concept. In my opinion, that is a mistake.”
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This statement targeted a person rather than their actions or views: “He knows that this is not a sovereign wealth fund”.
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Mr. Speaker, this is very odd. In 2024, England set up a fund exactly like that. It was a fund directly financed with debt. The British Parliament refused to call it a sovereign wealth fund because that is not what it was. The term does exist, and it applies in some countries, such as Norway. However, the concept we are discussing is not a real sovereign wealth fund. Oddly enough, our current Prime Minister was a consultant. He was there to help the British Parliament put that in place. He knows that this is not a sovereign wealth fund. He is using the term, but not the concept. In my opinion, that is a mistake.