Green Investment Bank sell-off racks up at least £1m in fees
by Adam Vaughan from Environment | The Guardian on (#2FMME)
MPs condemn 'waste of money' as documents show controversial 2bn privatisation has cost taxpayers at least 1m in banking and legal fees
The troubled 2bn privatisation of the Green Investment Bank has already cost at least 1m of taxpayer money in consultancy fees, official documents have revealed.
Ministers have promised that the sale of the bank, which has invested in green projects from offshore windfarms to energy-saving street lights, will deliver value for taxpayers' money. An announcement on the sale to Australian investment bank Macquarie was expected in January but has yet to materialise amid strong political opposition.
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