Question to the HM Treasury:

To ask the Chancellor of the Exchequer, pursuant to the Answer of 29 August 2025 to Question 68763 and to the Answer of 8 September 2025 to Question 74201 on Alcoholic Drinks, if she will make an assessment of the potential merits of allowing the financing of alcohol-related spending in green bond frameworks.

The Government provides financial support for green technologies, including those related to the manufacturing of alcoholic beverages. These policies are not funded via the Green Financing Programme: in line with international norms and investor expectations for green bond frameworks, the financing of the direct manufacture of alcoholic beverages is excluded from the Green Financing Framework.

This approach enables the UK’s green gilts to be accessible to the greatest possible pool of investors, improving value-for-money. Allowing the financing of alcohol-related spending within the Framework would not change policy decisions or the level of public spending but could prohibit some investors from purchasing the green gilt, thus reducing value-for-money.