The City of London’s status as the world’s capital of carbon trading and finance is being undermined by Conservative MEPs.
Author Archives: Will Straw
New data and projections from the OECD starkly portrays the differing approaches to austerity in the US and UK. The red line shows the US, the blue line shows the UK.
New analysis published today by the independent Committee on Climate Change shows that every family in Britain could save at least £1,131 and as much as £4,525 if the government adopted a target to decarbonise the power sector by 2030.
George Osborne has dodged a second bullet in a week. After learning that borrowing had fallen by a modest £300 million on Tuesday compared to last year, today we found out that a triple dip has been averted with meagre growth of 0.3 per cent in the first quarter of the year.
Economic data is coming thick and fast. Sandwiched between last week’s poor unemployment data and Thursday’s forthcoming results for GDP in the first quarter of the year, public finance figures were published today. They show that George Osborne has dodged a bullet.
Around the world, governments are responding to the threat of man-made climate change and exposure to the costs of imported oil and gas by tightening regulations on vehicle emissions. And yet Britain is falling behind.
As well as pointing out the flaws in Cameron’s diplomatic strategy, pro-Europeans should embrace an agenda of reform where there is much greater likelihood of progress (and no need for a new treaty). This should include pro-growth and pro-democracy measures as set out in IPPR’s recent publication ‘Staying In’ as well as a closer look at EU rules on state aid, corporate tax avoidance, and access to welfare for intra-European migrants.
George Osborne today made improving infrastructure one of the key planks of his strategy to compete in the “global race”. Any move in this direction is to be supported but the small print of the Budget, as so often, shows that his headline announcement today will barely scratch the surface of what the economy needs to get growing again.
The coalition’s opposition to a 2030 target is short-sighted, dangerous and hypocritical. The measure has cross-party support as well as the backing of business.
James Bloodworth joins Left Foot Forward today as Assistant Editor