The Chancellor is aiming to unlock some of the £143billion worth of lockdown savings by Britons to fund the country's green recovery from the coronavirus pandemic, the Treasury has revealed.
Ordinary savers will be able to buy into 'green savings bonds' offered through National Savings & investments later this year, according to an announcement released ahead of Wednesday's Budget.
More details will be revealed closer to the time of issuance, but funds raised will be 'earmarked for projects such as renewable energy and clean transportation that will help the UK build back greener and meet its target to cut greenhouse gas emissions to net zero by 2050', the Treasury said.