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