Discover and read the best of Twitter Threads about #BritishBusinessBank
Most recents (2)
@ArmitageJim @premnsikka 1/ UK’s government investment fund (#FutureFund) largely backed ‘zombie businesses’ (ft.com/content/230fa1…). The #FutureFund was managed by the unaccountable fat-cats at the #BritishBusinessBank (aka British Bank of Wank) “BBB”, whose baboonery … 
2/ reportedly even extended to forgetting to remove parts of FOI’d documents they had decided to redact before having to publish. Lord Agnew recently railed against the COVID pandemic support scheme baboonery from the toddlers at the Treasury & it’s appendage the BBB, …
3/ extending his concern to the opaqueness surrounding the record of the two dozen ‘lenders’ doling out tax payer money as govt. COVID loan support - many, it’s alleged, doing little to no due diligence. Meanwhile, the BBB’s statutory accounts show they ‘mark their own work’ …
Strongly believe that a small portion of DC pots should be available for use in VC / illiquid investments. Done with great success in other countries. Looking forward to meeting + discussing this with Treasury minister @SimonClarkeMP this coming week.
The report by #BritishBusinessBank builds on the DWP consultation on illiquid investments + patient capital work: assets.publishing.service.gov.uk/government/upl…
The @OliverWyman #BBB report is v worthy of consideration:
