“Leave green investments to the market”, says Institute of Economic Affairs COO

Commenting on the Treasury’s plans for £15bn of green savings bonds, Andy Mayer, Chief Operating Officer at free market think tank the Institute of Economic Affairs, said:

“Bonds lend the government money for today’s expenditure, paid for by future taxpayers.

“They will succeed with savers if the interest rate is attractive. They will fail if the green schemes turn out to be terrible investments.

“The devil is in the detail of what is being paid for and whether it’s worth the money.

“The government’s record is poor when it comes to picking winners, and particularly green technology. It would be better off leaving these things to the market.”


Notes to editors

Contact: Emily Carver, Head of Media, 07715942731

IEA spokespeople are available for interview and further comment.