The pensions industry is broadly split on whether the Spring Budget hit the right notes in regards to its approach to pensions, according to a poll by PP.
Bank of England should not be made to go green, warns Mervyn King
The former Governor said pushing officials to go eco-friendly could be ‘a slippery slope’ and undermine the Bank s independence
12 March 2021 • 6:00pm
Rishi Sunak’s move to give the Bank of England eco-friendly responsibilities risks undermining the institution’s independence, Lord King has warned.
The Bank could have to buy bonds of green companies while shunning fossil fuel firms, due to a new requirement from the Chancellor for it to consider the environment in its policy decisions.
The former Governor said the Government should be doing more on the climate instead of passing the buck to Threadneedle Street.