Wednesday 11 January 2017 / 1:14 PM 2017 Press Archive / The Latest from Labour

Government should stop the sale of the Green Investment Bank today – Lewis

Clive
Lewis MP, Labour’s Shadow Business Secretary, commenting on reports that the
Government’s preferred bidder for the multibillion-pound
privatisation of the Green Investment Bank is preparing to “asset strip” the
organisation, said:

“The
Green Investment Bank has, in public hands, been a great British success story.
It has funded innovative technology to fight climate change and has created
export opportunities for a decarbonising world.

“Now
the Tories are reportedly preparing to sell it off to a well-known asset
stripper, with no guarantees that its green purpose, or any kind of public
influence, will be maintained. The Government should stop the sale of the Green
Investment Bank today. Failure to do so will confirm that, however much they
try to steal our clothes, underneath it’s still the same old Tories.“

Ends