Britain's Business Bank: Profit Surge Raises Questions About Accountability The British Business Bank has announced a tripling of its annual profit to £426 million.
While this figure is being hailed as evidence of the bank's effectiveness in supporting smaller businesses and promoting growth, critics argue that the Government owned institution has been fortunate rather than prudent.
The bank's ability to generate returns for taxpayers is attributed to favourable market conditions, which have driven up valuations.