Green Investment Bank sell-off process 'deeply regrettable', say MPs

Committee says government should have got stronger commitments on bank's future

MPs have accused the government of a "deeply regrettable" failure to put in place strong guarantees that the UK's green investment bank will continue to support renewable energy after its privatisation.

The public accounts committee said it was unclear whether the bank would continue to support the government's energy policy or climate change goals, because the bank's new owner is not legally bound to stick to its green aims.