Joanna Cherry
Main Page: Joanna Cherry (Scottish National Party - Edinburgh South West)Department Debates - View all Joanna Cherry's debates with the HM Treasury
(3 years, 9 months ago)
Commons ChamberMy hon. Friend has long been a fantastic champion and advocate for this sector, and he is right to be so. I agree with him about the importance of making sure that our listings regime is as competitive as it can be to make sure that we attract companies to list here in London. I look forward to getting input from him and the bodies he mentioned in the forthcoming review that we have commissioned.
Would the UK Government not be in a better position to deploy these bonds if they had not flogged off the Green Investment Bank, which is headquartered in my Edinburgh South West constituency? Will the Chancellor consider passing these bond-issuing powers to the devolved Governments so that they can be put to best effect in facilitating low-carbon developments across the United Kingdom?
Sovereign gilt issues will remain a reserved competency, but one of our hopes is that creating a sovereign green bond market will catalyse a domestic green bond market, as we have seen elsewhere, which would provide a benchmark for private companies to issue private green credit. I hope that will provide more capital for more companies in every part of the UK.