Green Investment Bank: why did ministers dodge the real problem? | Nils Pratley

Government should have got binding commitments a private owner would continue to investThe government’s £1.6bn sale last year of the Green Investment Bank (GIB) to the Australian financial outfit Macquariewas a shambles, it was argued here at the time, and now the public accounts committee agrees. The rough summary of its report runs as follows: in their eagerness to trim a few quid from the national debt ministers accepted a few airy pledges from Macquarie about future investment an