Green Investment Bank: Osborne goes missing

The Financial Times has been reporting this week again about the ongoing vigorous debate within government over the forthcoming Green Investment Bank and how much power it will have:

Nick Clegg is now the main driving force of the government’s “green investment bank” amid a Whitehall struggle over how precisely the new entity will function…

The Treasury is determined to hold back financing until the deficit is under control, towards the end of the current parliament. Officials have also argued for the bank to be a fund with little or no leverage.

As I mentioned previously, the debating lines over the Green Investment Bank are much more HM Treasury vs the rest rather than Conservative vs Liberal Democrats.

Curiously absent from the scene, however, is George Osborne who has acquired rather a reputation for avoiding taking direct hands-on interest in the issue. Instead, it is being left to Justine Greening MP and the Treasury special advisers, even when it comes to a key meeting. That would be normal if it were a low-level issue on which there is agreement. But when it has become a long-running major debate, you would expect the Chancellor to be directly involved in settling it. Yet, so far, he’s holding back.

All rather odd.

Read more by or more about , or .
This entry was posted in News.
Advert

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • John Kelly
    @Leon “Leaving aside the insult that the headline (the guard was changed in Jerusalem, the capital of Israel where the Knesset meets , not Tel Aviv), I am mo...
  • David Raw
    What happens to all the agreed policy outcomes, amendments and wordings on the documentation that you have mentioned ? Do they just get put into a cupboard ...
  • John Marriott
    The real impediment to a fair political solution may actually be the pure form of PR employed to elect people to the Knesset. If ever there was a need for a 5% ...
  • Joe Bourke
    It is an interesting article, John. The Biden administration will surely have an important role to play but perhaps of more relevance may be Israel's rapproachm...
  • Peter Hirst
    China and Russia have strategic interests and they must sometimes overlap. China seems more emenable to western values despite its lack of democracy. They will ...