Finance

The Attorney General has announced that he will seek to close down the National Fund, one of the richest charities in the UK, and spend its £475m assets on paying off the national debt.

The National Fund was set up with £500,000 in 1928, by an anonymous donor – believed to be Stanley Baldwin, who would later become Prime Minister – with the intention of paying off the national debt following the First World War.

Resonance, the social impact investment company, has launched a social investment tax relief fund in the West Midlands.