Labour report proposes incorporating Bank of England in green finance push

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Labour report proposes incorporating Bank of England in green finance push

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J3NMXF London, UK. 7 May 2017. John McDonnell MP, Labour?s Shadow Chancellor, gives a speech on Labour?s fiscal sustainability plans at Museum of London Docklands in Canary Wharf. Credit: Stephen Chung / Alamy Live News | Alamy Stock Photo

A report commissioned by the UK Labour Party advocates incentivising green lending by tweaking the operations of the Bank of England, through changes to the collateral framework and the corporate bond purchase programme, as well as through changing banks’ capital requirements.

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