Article

The UK government's British Business Bank has announced a £25 million investment in Kraken and £50 million in deep tech funds, amid criticism from Business Secretary Peter Kyle's comments about 'picking winners' in the economy. Critics, including investor Luke Johnson, argue that this approach reflects a socialist agenda and could harm taxpayers, while recent audits have highlighted governance issues within the BBB. Additionally, a proposal from Reform UK suggests acquiring a stake in Rolls-Royce to bolster its small modular reactor program.