Friday, 11 March 2011

Plans for Green Investment Bank a budget must-have, says TUC

Commenting on the Environmental Audit Committee report into the Green Investment Bank published today (Friday), TUC General Secretary Brendan Barber said: “The Chancellor will ignore this report at his peril. The Green Investment Bank has a vital role in securing economic recovery and jobs. Plans for a fully fledged, well funded bank are a must-have for this month’s budget.
“Without the new bank, the Committee warns that we face a funding gap for green infrastructure running into hundreds of billions of pounds. It says the Bank must be able to start making investments within twelve months.
“We need a real bank capable of issuing Green ISAs, supporting the Green Deal and advising government on the green economy roadmap so vital to our economic recovery.”

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