Chancellor Rishi Sunak today closed his Budget address to Parliament by hymning the potential of clean technologies to create "decent well-paid green jobs" and drive the recovery from "one of the largest, most comprehensive and sustained economic shocks this country has ever faced".
Sunak reiterated the government's commitment to delivering a green recovery from the coronavirus crisis, but which provided few surprises following extensive briefing ahead of today's Budget. As had been widely trailed, Sunak confirmed the government's new National Infrastructure Bank is to be backed by £12bn in initial capital and £10bn in government guarantees, in a bid to unlock as much as £40bn of private finance in support of Downing Street's 'levelling up' agenda and net zero emission goals. The Chancellor stressed the bank would have support for the UK's "green industrial revol...
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