Thursday 17th April 2014                 Change text size:

Photo: Ben Sutherland via flickr

Budget 2014: investors say shelving low-carbon policies would be ‘reckless’

The trade body for the sustainable investment industry has called on George Osborne to deliver a budget statement on Wednesday that supports long-term investment and keeps in place economic measures to boost the low-carbon economy. The UK Sustainable Investment and Finance Association (UKSIF) said the chancellor must avoid bowing...


solar farm By mcmees24 via Flickr

Ethical Consumer names ‘best buy’ sustainable investment funds

Sustainable investment funds from WHEB, F&C and Jupiter have been described as “best buys” in a new ranking from Ethical Consumer magazine. Nineteen funds are scored across five broad categories – animals, environment, people, politics and sustainability. The WHEB Sustainability fund came top with a total score of 14...


Photo- Henrik Ström via Flickr

Wealth inequality costs ‘deeply divided’ UK £39bn a year

The wealth gap in Britain is continuing to widen and is not only having an impact on people’s quality of life but also the economy, two separate studies have found. The first report, from Equality Trust, argues that the social consequences of inequality, including reduced life expectancy, mental health...


high speed rail

HS2 chair wants project to be completed ahead of schedule

Chair of the HS2 high speed rail line Sir David Higgins has said that the second phase of the project should be finished three years ahead of schedule and proposed a 43-mile extension to reach Crewe, in Cheshire. Higgins says in a new government report that the second phase...


London skyline - Stephane Goldstein via Flickr

Britain lagging behind others on ‘economic literacy’

The UK lags behind many other countries when it comes to economic literacy, according to new research. The Social Economy Alliance said the gap must be urgently tackled as it has “serious implications” for the country’s economic recovery. A survey carried out by the organisation found that just 48%...


co-op food

Lord Myners: Co-op Group needs ‘urgent’ action to become sustainable

Lord Myners, financial services secretary in Gordon Brown’s government, has said the Co-operative Group must take “urgent steps” in order to generate “sustainable economic value” in the future. In a progress update of his review of the troubled group, he called for “radical governance reform” or else risk running...


melbourne by cafuego via flickr

Sustainable banks need ‘courage’ to make inroads into the mainstream

In a meeting in Melbourne, the chair of the Global Alliance for Banking Values (GABV) has called on banks to act with “courage” to drive forward the sustainable banking movement. Peter Blom, who is also CEO of Triodos Bank, said, “What it all comes back to I feel, it’s...


Canary Wharf From Greenwich Park

Bank of England seeks to recoup bonuses from ‘misbehaving’ bankers

The Bank of England has warned ‘misbehaving’ or irresponsible bankers that they may have to pay back their bonuses. The Bank has announced that it will seek consultation on proposals that would allow authorities to repossess bonuses from individuals up to six years after they were paid out. The...


Photo - MPD01605 via Flickr

EU-US trade deal benefits ‘vastly overblown’

More campaign groups are urging the government to stop the EU-US trade deal known as the Transatlantic Trade and Investment Partnership. The World Development Movement (WDM) cites research showing that David Cameron’s argument for the deal is “deeply flawed”, as talks begin in Brussels. If successfully agreed, the trade...


floods by retro-philj via flickr

Flood insurance claims coming in at £6.7m a day, says ABI

Insurance claims after the floods are being made at a rate of £6.7m a day in the UK, according to the Association of British Insurers (ABI), which estimates the total cost of flooding to reach £446m. According to updated figures, insurers received 17,500 claims between December 23 and February...


pylon fog

Budget 2014: government must stop spiralling energy costs, says UKGBC

The UK Green Building Council (UKGBC) is calling on the chancellor to step in to help millions of families across the UK struggling to keep up with “spiralling energy costs”, ahead of the budget next week. Improving energy efficiency in homes presents a “unique opportunity” to help families feeling...


Euan Sutherland by The Co-operative via Flickr

Co-op Group ‘regretfully’ accepts chief exec Euan Sutherland’s resignation

The Co-operative Group has accepted the resignation of its chief executive Euan Sutherland, who departs what he called an “ungovernable” organisation just 10 months after being appointed. Sutherland, who took up the post in May last year, said in a statement that his top priority throughout his tenure had...


Photo: The Co-operative via Flickr

Co-op Group’s woes continue as chief exec Sutherland offers resignation

Euan Sutherland, the chief executive of the Co-operative Group, has reportedly offered his resignation – a tactic that has been described as a “back-me-or-sack-me” move. According to the BBC’s business editor Robert Peston, Sutherland says in a letter that the organisation is “ungovernable”. This follows a turbulent year that...


job centre plus by Helen Cobain via flickr

Economic growth undermined by bleak youth unemployment figures

Economic growth forecasts are being undermined by a lack of investment in UK businesses and the number of young people claiming jobseeker’s allowance, the British Chamber of Commerce (BCC) has warned. The BCC upgraded GDP growth forecasts for the next two years on Monday, from 2.7% to 2.8% in...


erhard.renz via flickr

China prepares to strengthen environmental law to control pollution

The Chinese government has begun a “war on pollution” in order to improve the quality of life of its citizens. Under new measures, polluters could be suspended, shutdown and face unlimited fines. Chinese premier Li Keqiang claimed to make environmental protection a priority after a citizen in Shijiazhuang sued...


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