Tag Archives: Sajid Javid

Will the Green Investment Bank become just another bank?

the bankThe government is in asset sale mode.  The planned sale of the nationalised banks will set a new high watermark for capital raised, previously set by the BP privatisation, presided over by Margaret Thatcher in 1987.

The sale of the Green Investment Bank (GIB) is being pushed through, alongside the sale of Lloyds and RBS. But, the criteria by which these sales will be judged are quite different.  The sale of the retail banks needs to maximise returns to the taxpayer through the share price achieved on the day of the sale.  But, the sale of GIB shares needs to optimise return to taxpayers in the long term by securing the bank’s unique mission.  Read more