Sunak to announce green savings bonds in Budget

The Chancellor is expected to offer ‘green’ savings bonds in the Budget, with the monies raised being used to aid the transition to a low-carbon economy.
The world’s first sovereign green savings bond will be offered through National Savings & Investments, the government-backed scheme which also offers Premium Bonds.

The new product will also be linked to the UK’s inaugural green gilt, with the Treasury saying it will publish more details in the near future.

Overall, the Budget, that will need to cope with the spending needed during the pandemic, will take on a green tinge as the Government seeks to create a green recovery and balance debt, recovery and climate.

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