Amendment 19

Part of UK Infrastructure Bank Bill [HL] - Report – in the House of Lords at 6:15 pm on 4th July 2022.

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Photo of Baroness Bennett of Manor Castle Baroness Bennett of Manor Castle Green 6:15 pm, 4th July 2022

My Lords, I offer Green group support for Amendment 20, to which we would have attached our name had there been space.

In Committee, I suggested that the bank should not be in the hands of the Treasury at all. I got some expressions of interest but not enough support to bring it back on Report. However, it is clear that we need systems thinking, as I often say in your Lordships’ House. We need an approach that looks beyond the narrow growth in GDP to something broader and more holistic. This amendment is a step towards achieving that.