GB Energy is a “needless new quango” that crowds out private finance in clean energy, Tories have warned.
They said the initiative, which will cost taxpayers £8.3billion, is another sign of Labour’s “heavy-handed” approach to governing Britain.
Ashley Fox MP said: “GB Energy is just another sign of Labour’s heavy-handed approach to governing Britain. Rather than unlocking the significant sums of private sector cash that is ready to invest in renewables, GB Energy will crowd it out and waste taxpayers’ money.
“This shows a complete lack of understanding of the challenges facing the green economy. https://www.express.co.uk/…/ed-milibands-clean-energy…

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