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TUC: Green Investment Bank sale is missed opportunity for green economy

Commenting on the announcement yesterday (Thursday) that the government will sell the publicly-owned Green Investment Bank (GIB) to the Macquarie Group, TUC General Secretary Frances O’Grady said:

“The sale is a missed opportunity for Britain to create the green economy we need, and to catch up with our competitors on investment in infrastructure. 

“It’s been a great success supporting green jobs by attracting billions of pounds for green infrastructure. And it’s been a great success for taxpayers, who have found themselves in possession of a valuable asset.

“It’s a shame that such a successful investment bank will no longer be boosting the public purse, but will be lining corporate pockets instead.”  

Notes to Editors:

Contacts:

Press Office  T: 020 7467 1248  E: media@tuc.org.uk
Alex Rossiter  T: 020 7467 1285  M: 07887 572130  E: arossiter@tuc.org.uk
Tim Nichols  T: 020 7467 1388  M: 07808 761844  E: tnichols@tuc.org.uk
Elly Gibson (Mon to Thurs) T: 020 7467 1337  M: 07900 910624  E: egibson@tuc.org.uk
Michael Pidgeon  T: 020 7467 1372  M: 07717 531150  E: mpidgeon@tuc.org.uk

 

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