The government's controversial plan to privatise the Green Investment Bank (GIB) has taken a major step forwards today, as business secretary Sajid Javid announced plans to repeal the legislation that gives ministers control over the bank and specifies green criteria. [1]

Caroline Lucas MP has slammed the decision. She said:

“This is another damaging backwards step by a Government intent on undermining Britain’s low carbon economic success story.  The grounds for this ideological privatisation simply don’t stack up and the green criteria should be strengthened, not scrapped. I urge all members of the House of Lords to reject the repealing of this legislation as I shall when it comes to the House of Commons.”

ENDS

[1] http://www.businessgreen.com/bg/news/2430482/government-moves-to-repeal-...

For more information contact Matthew Butcher on 07885 459 904