Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent progress has been made on the National Savings and Investment's green savings product; and whether the Government has plans to offer that product to savers in summer 2021.

Since the Chancellor’s announcement at Spring Budget 2021 that a Green Savings Bond will be offered through NS&I, work has continued at pace on the development of this product. The Green Savings Bond will be linked to the UK’s sovereign Green Bond framework, due to be published in June 2021, and will give UK savers the opportunity to take part in the collective effort to tackle climate change. Further details on the Green Savings Bond will be published in due course, prior to the product going on sale this summer.