The Treasury's much anticipated 'green savings bonds' could be a major disappointment for rate-starved savers, according to experts.
Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the country's green recovery from the pandemic through bonds offered by National Savings & Investments.
Details remain thin on the ground beyond the fact the bonds will be launched this summer, but figures from the Office for Budget Responsibility forecast NS&I is set to raise just £6billion from savers in 2021-22, down from £20billion this financial year.
NS&I will launch new 'green savings bonds' this summer, the Treasury said today