Green Investment Bank

Part of the debate – in the House of Commons at 12:40 pm on 11th January 2017.

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Photo of Kerry McCarthy Kerry McCarthy Labour, Bristol East 12:40 pm, 11th January 2017

The Minister is being very dismissive about speculation in the press. However, in the Financial Times the former Business Secretary Vince Cable has expressed concern about asset-stripping, which he thinks was Macquarie’s objective, and Ed Davey, the former Energy and Climate Change Secretary, has said he considers it unlikely that the golden share would give Ministers enough clout to influence the bank’s investment strategy. Does the Minister not think that those two people—who, after all, were very much involved in the setting up of the bank—should be taken seriously, and that we should act on their concerns?