New Clause 9 - Updated Green Finance Strategy

Part of Financial Services and Markets Bill – in a Public Bill Committee at 2:15 pm on 3 November 2022.

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Photo of Tulip Siddiq Tulip Siddiq Shadow Minister (Treasury) 2:15, 3 November 2022

I really am happy to get a present from the Minister, but I draw his attention to the evidence from William Wright of New Financial that in 2021 roughly 20% of all capital markets activity in the EU was green, but in the UK the proportion was 9%. The Minister is talking a lot about how well his Government have done; what assessment has he made of the reasons behind that gap? Does he have an answer to what William Wright told us? Or is he going to give me another present?