It shows that the Government were happy to lend on commercial terms even in the circumstances that we know find ourselves in.
This approach has always baffled me - if the loan is on commercial terms, why borrow from WG, why not use a bank like the commercial business it purports to be? It's not like WG doesn't have other uses for the money
It is a business that they own and like any shareholders they can choose to invest in the business or not.
As for calling Redrow to build houses ask how would it look to Welsh and foreign business and to inbound tourism if Wales doesn't have an airport?
There's the rub, isn't it? If it was a commercial business, why would they be bothered? If it is an instrument of WG's industrial policy, say so.