The Bank of England should be freed from burdensome net zero rules to help grow the economy, Rachel Reeves has been told. Sam Woods, the head of the Bank’s Prudential Regulation Authority (PRA), said the thicket of climate requirements imposed by Westminster was impeding efforts to boost growth. In a letter to the Chancellor and Sir Keir Starmer, Mr Woods said the requirement for the Bank to “have regard” for dozens of different “climate and the environment” issues made it … read more »
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