On that point, as we all know, when a company goes to market, it depends on the conditions at the time. It is at least feasible that when the bank goes to the market, those who wish to invest on the basis that the Minister is discussing will disappear, leaving those who will simply buy the capital and assets invested and treat the bank as a zombie fund, immediately sacking as many of the staff as possible, running it at a minimal level and calculating a reasonable return. What guarantee can the Government give, if those turn out to be the only buyers around, that they will not stay so committed to privatisation—in order to meet, rightly, the need to sort out the national debt—that they end up giving the bank away to be turned into a zombie fund, not only avoiding innovative green projects but not really developing anything at all?
Green Investment Bank
Proceeding contribution from
Graham Stuart
(Conservative)
in the House of Commons on Thursday, 29 October 2015.
It occurred during Debate on Green Investment Bank.
Type
Proceeding contribution
Reference
601 c237WH 
Session
2015-16
Chamber / Committee
Westminster Hall
Librarians' tools
Timestamp
2020-02-24 10:52:36 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2015-10-29/15102959000273
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