The Chief Secretary to the Treasury said that the plan for the £1bn state-backed business bank was \”top priority\” and would be sped through the legislative procedure in the same way emergency requests for military equipment are processed.
\”Just as in defence procurement, we have Urgent Operational Requirements, I see this [Business Bank] as an \’Urgent Growth Requirement\’ and it will be fast tracked,\”
Just a thought, but where are they going to get the bankers to make sure this is all spent properly?
And the idea that it must all be done very quickly indeed doesn\’t lead to the thought that it will be done carefully, does it? After all, military procurement when done this way is notoriously expensive, isn\’t it?