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| Fri, 5th Jun 2020 15:56:00 |
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Ed Miliband: Virgin bailout 'could help green economy' |
The government should consider a stake in Virgin Atlantic as part of a drive to make the post-Covid economy greener, Ed Miliband has said.
Labour's shadow business secretary said ministers should consider buying shares in Virgin if the airline agreed to "go green".
He is urging bolder action to kick-start a "green recovery" after the coronavirus crisis.
The PM also says he wants a "greener, cleaner, and more resilient" economy.
Labour is seeking views from businesses, unions, and campaign groups on how climate-friendly industries can help repair the economy.
The request for green jobs to feature heavily in economic recovery plans follows similar calls this week from more than 200 top UK firms and investors.
Mr Miliband said "action on green jobs" could help prevent mass unemployment in the wake of the virus.
He accused the government of being "too slow to help the aviation sector," adding it should be "more strategic, and in a sense bolder" in promoting green growth.
"You should be willing to intervene, but to do so in a way that ties people to climate change commitments," he told BBC Radio 4's Today programme.
"Take Richard Branson for example - what would I be saying to Richard Branson?
I would be saying 'come back onshore, take your company out of the tax haven."
"'We'll look at, for example an equity stake in Virgin if it makes financial sense - but only on the condition that you go green, that you drive towards the green agenda'".
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