Bank of England given green remit to aid net zero carbon goal

Cross-party environmental audit committee welcomes decision but urges Treasury to go furtherAnalysis: Sunak digs in for battle against financial cost of CovidBudget 2021: key points at a glanceBudget 2021 live: Sunak to freeze income tax thresholdsThe chancellor has changed the remit of the Bank of England’s interest rate-setting monetary policy committee to include a duty to support the government’s net zero carbon ambition alongside its longstanding responsibility to keep inflation in check.Rishi Sunak made the change to reflect the importance of environmental sustainability, he said. Continue reading...