The Financial Times has been reporting [requires registration] 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."
Mark Pack over at Liberal Democrat Voice has the full details... Opening with:
"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."
How committed the Tories are to the long term investment to help the UK fully make the transition to a low-carbon economy will remain to be seen.
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