The Chancellor has also announced Britain’s first ever “long-term asset fund” will be “up and running within a year”.
He told the House of Commons financial services “will be essential to our economic recovery from coronavirus, creating jobs and growth right across our country”.
Mr Sunak said in a statement: “As we leave the EU and start a new chapter in the history of financial services in this country, we want to renew the UK’s position as the world’s preeminent financial centre.”
The Chancellor added he was detailing plans “to make this country more open, more technologically advanced and a world leader in the use of green finance”.
In a tweet, he wrote: “The UK will, subject to market conditions, issue our first ever Sovereign Green Bond next year.
“This will be the first in a series of new issuances, as we build out a “green curve” over the coming years helping to fund projects to tackle climate change and create green jobs.”
This is a breaking story. More to follow…