Wed 30 Jun 2021 19.01 EDT
Rishi Sunak will announce plans to transform the City of London into a hub for green finance on Thursday as the government pushes to boost its competitiveness on the global stage after Brexit.
The chancellor is expected to use his first speech to City financiers at the annual Mansion House address to announce details of a £15bn UK programme of government bond issuance, with the proceeds being spent on environmentally friendly projects.
Aiming to turn Britain into a world leader for low-carbon financial services, Sunak will also launch a separate green savings bond for UK consumers, which he will say is to be used to help fund infrastructure schemes and create more green jobs across the UK.
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