The Chancellor of the Exchequer, Rishi Sunak, delivered a spending review statement on 25 November 2020. The Government said the review’s priorities were “to support the Government’s response to Covid-19, invest in the UK’s recovery and deliver on promises to the British people”. Alongside the spending review, the Office for Budget Responsibility set out its latest forecasts for the economy and for the public finances.
Documents to download
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Green Finance and the Resilience of the Financial Sector to Climate Change (311 KB, PDF)
The UK Government has defined green finance as including private sector investments in technologies, infrastructure and start-ups which assist in the creation of jobs, the expansion of businesses and the development of economic growth, whilst reducing greenhouse gas emissions. The G20’s Green Finance Study Group (GFSG) has described green finance as financing investments that provide environmental benefits in the broader context of environmentally sustainable development.
This Briefing outlines what green finance is, recent government policies designed to promote it and finishes with an examination of the potential effects of climate change on the UK’s financial sector, with a particular focus on the work of the Bank of England.
Documents to download
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Green Finance and the Resilience of the Financial Sector to Climate Change (311 KB, PDF)
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Catch up on economics articles you may have missed from September and October 2020. This month we look at household savings during the Covid-19 pandemic, and whether the furlough scheme is discriminatory.
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Certain regulations on vehicles and carbon dioxide emission targets are currently regulated by the EU. The UK Government has put in place statutory instruments intended to retain these regulations when the transition period ends for leaving the EU. This article looks at three draft SIs which make amendments to current legislation to ensure the regulations can function effectively after the transition period, and that the UK meets its obligations under the Ireland/Northern Ireland Protocol.
