UK PUBLIC CAPITAL MONITOR
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UK institutions and system

Budget 2026 — Evidence on public finance institutions and investment

Independent scrutiny
Authors
Anna Valero, Jim O’Neill and Peder Beck-Friis
Publisher
House of Commons Treasury Committee

What it examines

In evidence heard on 14 October, Anna Valero calls for stronger evidence of returns and additionality if public finance institutions gain more capacity. Jim O’Neill argues for greater ambition from their boards. Peder Beck-Friis cautions that extra borrowing could increase financing costs.

Why it matters

Witness evidence on the ambitions, appraisal and accountability of BBB and NWF. It is a debate about policy choices, not a committee finding or a funding decision.

Institutions and themes

British Business BankNational Wealth FundGovernance and accountabilityImpact and value for moneyMandates and policy

Catalogue entry reviewed 23 Oct 2026. The summary describes the publication’s analysis; it does not establish that historical findings remain current.