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.