Andrew Gwynne
Main Page: Andrew Gwynne (Labour (Co-op) - Gorton and Denton)Department Debates - View all Andrew Gwynne's debates with the HM Treasury
Future of Financial Services
Andrew Gwynne Excerpts(4 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Rishi Sunak
My hon. Friend is absolutely right. The transition to net zero will require enormous sums of capital to help finance it. Along with all the other market developments that it will catalyse, this bond will ensure that we can attract that capital into the UK to build the infrastructure we need.
Andrew Gwynne (Denton and Reddish) (Lab) [V]
My hon. Friend the shadow Chancellor was right to raise the fact that this Government needlessly sold off the Green Investment Bank in 2017, because when the transition period ends and we cease to be part of the European Investment Bank, we will become the only country in Europe without a public investment bank. So can I ask the Chancellor: how does he propose to fill this gap in our green finance ambitions?
Rishi Sunak
I would urge the hon. Gentleman to wait for the imminent publication of the national infrastructure strategy, which will address that specific concern.