Ah ha! moment
The Anglo-Saxon Chronicle has an excellent article on two loans to the BBC by the European Investment Bank. The loans for £66m and £25m respectively are made at zero margin over the bank's own cost of capital. Anoneumouse wonders if this is why the BBC is so pro-European.
He is surely right to do so. What might be interesting would be to get a look at the loan documentation. If there is a formal quid pro quo for the loan this might be the place to find it. If there isn't then why is the EIB, a bank set up with the sole purpose of promoting European integration, lending to the BBC at all?
I wonder if the loan documentationwill be available under Freedom of Information?
He is surely right to do so. What might be interesting would be to get a look at the loan documentation. If there is a formal quid pro quo for the loan this might be the place to find it. If there isn't then why is the EIB, a bank set up with the sole purpose of promoting European integration, lending to the BBC at all?
I wonder if the loan documentationwill be available under Freedom of Information?
posted by Bishop Hill at 5:30 AM
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