Watchdog blasts “rushed” UK Infrastructure Bank

Watchdog MPs on the Public Accounts Committee have raises questions about the independence, strength and value of the first deals made by the new UK Investment Bank (UKIB).
The UKIB was launched in 2021 to “partner with the private sector and local government to increase infrastructure investment.”
The report released today said it was “created in a rush at Ministers’ insistence, which meant it operated with weak financial governance and very close to the Treasury for its