Government ‘moving too slowly’ to meet economic targets and climate goals March 27, 2023 The government is moving too slowly on infrastructure initiatives, a new report by independent advisers on infrastructure have said.
Green Day: UK needs ‘consistent’ investment climate to meet energy goals March 27, 2023 The government needs to be more “decisive and consistent” in its approach to energy investment, warned Renewable UK.
L&G report: Inflation is widening gap between rich and poor with ‘pay cut’ for 95 per cent of UK households March 27, 2023 Legal & General’s Rebuilding Britain Index (RBI) found that 95 per cent of working UK households have experienced a real terms pay cut over the last 12-months as rising inflation makes its way felt into nearly all households. UK inflation has surpassed forecasts and stayed in the double digits and the rate of price increases [...]
No light at end of the tunnel: HS2 delay leading to higher costs as London Euston link nearing £5bn March 27, 2023 Delays linking up HS2 and Euston will mean extra costs and potentially even higher spending, the National Audit Office has warned ministers. A near 50-page report, looking specifically at the Euston element of the much delayed high-speed line, concluded that a “reset” in 2020 had “not succeeded”. It comes after Transport Secretary was criticised earlier [...]
Floating offshore wind could offer £26bn boost to green economy March 27, 2023 Floating offshore wind gives the UK a chance to make the most of the green energy transition, argued industry body Renewable UK.
Don’t want to be an American Idiot: How the UK can make the most of ‘Green Day’ as energy arms race hots up March 27, 2023 City A.M. has offered its own six point plan for Green Day to keep the UK competitive with its rivals in the clean energy arms race.
UK recession still on the cards after aggressive Bank of England interest rate hikes March 27, 2023 A recession is still on the cards in the UK despite the economy performing much better than experts predicted just a few months ago, new forecasts out today project. Higher interest rates and households responding to the cost of living crunch gripping their finances by trimming spending is tipped to push GDP 0.3 per cent [...]
UK household debt swells past £2 trillion for first time ever March 27, 2023 Family debt has swelled past £2 trillion for the first time ever in a sign Brits are whipping out their credit cards to fund spending amid the cost of living crunch, new research out today reveals. Household debt is now nearly the same size as the entire UK economy (£2.2 trillion) and has been pushed [...]
In Broken Britain, we can hardly afford to be smug about a riot-plagued Paris March 27, 2023 People in France are taking to the streets, while in the UK we just complain about train strikes. But although we behave differently as societies, we are in a similar position to France, writes Eliot Wilson
We’re living with the impact of a decade of a Goldilocks approach to interest rates March 27, 2023 We are in an hangover era of monetary policy, recovering from a period when bad news was considered good news by investors. We must work to change that outlook, writes Charles White-Thomson