A Labour government would seek to unlock at least £10bn a year of extra money from banks and insurers to invest in Britain’s clean energy industry, shadow City minister Tulip Siddiq has revealed. Siddiq told the Financial Times that Labour is exploring how to use the covered bond market to channel more money into wind farms, hydrogen and other green infrastructure projects. Covered bonds are a type of financial security usually backed by a pool of mortgages but with an … read more »
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