Bank of England given green remit to aid net zero carbon goal

Cross-party environmental audit committee welcomes decision but urges Treasury to go further

The chancellor has changed the remit of the Bank of England’s interest rate-setting monetary policy committee to include a duty to support the government’s net zero carbon ambition alongside its longstanding responsibility to keep inflation in check.

Rishi Sunak made the change to reflect the importance of environmental sustainability, he said.

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