Campaigners alarmed over plans to sell stake in Green Investment Bank
by Sean Farrell from on (#CA5D)
Business secretary Sajid Javid is expected to announce sell-off on Thursday
The government is set to sell a majority stake in the Green Investment Bank, the project that was a central promise in the Conservatives' 2010 manifesto, in a move that has drawn immediate criticism from environmental groups.
Industry sources said Sajid Javid, the business secretary, would announce the plan at the bank's annual review meeting on Thursday. The government is likely to keep a stake in the bank but it could sell off as much as 70%.
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