Commons Sense

House of Commons · Ministers' Questions

Local Transport Infrastructure

Monday 18 May 2020 · 1 question

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Answered 1 Partly answered 0 Not answered 0

Key points

  • Gareth Davies asked about issuing a UK green gilt to fund local transport infrastructure.
  • The Treasury team thanked for their leadership during the crisis.
  • The Government remains open to introducing new debt instruments but has no current plans for a UK green gilt.

Topics (select to filter)

Questions & Answers

Q1 Gareth Davies Con
Economy Climate
Context

UK's focus on economic recovery amid crisis and commitment to climate change.

Question

I thank the Treasury team for their leadership throughout this crisis. As they look at ways to stimulate our economy, will they consider issuing a UK green gilt as a specific way to fund local transport infrastructure and to affirm this Government's commitment to climate change?

Answer from Steve Barclay (Financial Secretary to the Treasury)

My hon. Friend raises an important point. Although at present we have no plans to do as he suggests, he will be well aware, from the green finance strategy, that the Government remain open to the introduction of new debt instruments, and I am happy to continue to discuss the issue with him.

Answered
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