Bank of England COVID Bailouts for Airlines the ‘Antithesis’ of a Green Recovery — Report

Source: Desmog UK


Read time: 4 mins

The Bank of England’s emergency bailout scheme is “inconsistent” with the government’s pledge to ‘build back better’ towards a fairer and greener economy, a new report argues, calling for strings to be attached to central bank bailouts for airlines and other large companies.

The COVID Corporate Financing Facility (CCFF) is an emergency facility implemented by the Bank of England on behalf of the Treasury in response to the economic fallout of Covid-19. Campaign group Positive Money has said the scheme as it stands is the very opposite of the kind of green recovery package the government should be implementing.