Labour to make fighting global heating a priority for Bank of England

Shadow chancellor to use annual Mais lecture to set out plans to green the economy if party wins election

A Labour government will make fighting global heating a priority for the Bank of England as it seeks to put environmental sustainability at the heart of its plans to grow the economy, Rachel Reeves is to announce.

The shadow chancellor will say in a speech in London on Tuesday evening that if Labour wins the general election she will reverse Jeremy Hunt’s decision last year to downgrade the emphasis on climate change in Threadneedle Street’s main objectives.