The Bank of England should take action to discourage fossil fuel investments by some of the UK's largest lenders as part of an alignment with government climate goals, a group of MPs has said.

More than 50 cross-party MPs and peers, including Liberal Democrats leader Ed Davey and former pensions boss Baroness Ros Altmann, have signed a letter sent to Bank of England governor Andrew Bailey recommending that Threadneedle Street put a greater focus on green finance.