A moral failure and a terrible investment
MOHAMED ADOW A BRITISH government facing financial meltdown and spending billions propping up industries in decline. This isn’t news from the 1970s, or 2008. It’s today. After a heated debate in Number 10, the government is still considering giving the green light to a billion-pound loan guarantee for a controversial gas pipeline project in Mozambique. Signatures on the deal are already underway, but the government still hasn’t confirmed how much money it’s prepared to stump up. This week’s fresh uncertainty comes as new reports suggest that the government agency responsible for due diligence on agreements like this is ‘cutting corners’…