Thursday 24th April 2014                 Change text size:

soosalu via Flickr

Budget 2014: Osborne freezes carbon price floor and boosts North Sea oil

Chancellor George Osborne has delivered a budget that environmental campaigners have called “dirty business as usual”, after the announcement of policies that will support fossil fuel companies and cut the price of carbon. In his budget speech, Osborne pledged that the government would invest in new sources of energy...


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Budget 2014: Investment tax relief to boost social enterprises

Chancellor George Osborne made a number of announcements during the budget that will impact on investment and personal finance, including a tax relief for investment in social enterprises. Other measures include greater ISA flexibility and the launch of a Pensioner Bond. Osborne declared the government was backing social enterprises...


Photo: Stefano Brivio via Flickr

Budget 2014: the reaction

The chancellor George Osborne has delivered his annual budget statement, a plan that he claims is “for the makers, the doers and the savers“. His full speech can be found here. Below is a selection of budget responses from people in the sustainability and finance space, updated as and...


Bank of england by Rev Stan via flickr

Bank of England may consider ‘green quantitative easing’ in future

The Bank of England may consider new types of assets, rather than government bonds, if it prints additional money as part of the quantitative easing programme, the governor of the Bank, Mark Carney, has said. The central bank began the quantitative easing programme in 2009 in a bid to...


by The Royal Mint via twitter

Budget 2014: new £1 coin revealed

The new-look £1 coin, designed to be the hardest in the world to fake, has been unveiled. Based on the historic three pence piece, it will be introduced in 2017. Ahead of Wednesday’s Budget, chancellor George Osborne tweeted an image of the £1 coin next to the Budget Box, saying,...


Photo - Simon Cunningham via Flickr

Budget 2014: Osborne to deliver budget for ‘resilient’ economy

Chancellor George Osborne has said he will “deliver a budget for a resilient economy”, ahead of its official announcement at 12:30pm today. Whilst the UK economy has been improving, Treasury sources told the BBC that the government’s economic plan “was far from done”. The budget is expected to raise...


Photo - connor212 via sxc.hu

Women leading family-owned firms increases profitability, says study

A new study has suggested that female chief executives “significantly improve” the profitability of family-owned companies, particularly when there is a large number of women on the board. The paper, called Gender Interactions Within the Family Firm, explores the transitions from male to female chief executives of family-owned companies...


Mark Carney 2 by Bank of England via Flickr

Bank of England rejigs leadership group with three appointments

The Bank of England has announced three senior appointments as part of a shake-up by its governor, Mark Carney. The changes follow criticisms about the Bank’s response to manipulation in the foreign exchange (forex) market. Ben Broadbent will become the deputy governor for monetary policy and Nemat Shafik will...


stern

Budget 2014: Osborne must lay out vision for greener UK, says Lord Stern

Leading economist Lord Stern has urged the chancellor George Osborne to seize the opportunity presented by his annual budget to boost investment and innovation in the green economy. Stern led the writing of a government commissioned review on climate change in 2006. He has since admitted that the review...


Brice Blondel for HDPTCAR via Flickr

Leaked IPCC report warns of social and economic impact of climate change

A leaked draft of a new study by the UN Intergovernmental Panel on Climate Change (IPCC) reportedly outlines a worrying scenario of conflicts, food crises and economic losses caused by climate change by the end of the century. The draft, seen by the Independent, is said to reveal that...


Photo: Alex Pepperhill via Flickr

Budget 2014: government must ‘turbocharge’ green deal and energy efficiency efforts

The government must “turbocharge” its efforts to encourage homeowners to make energy efficiency improvements to their homes, a leading sustainable investor has said ahead of Wednesday’s budget statement. London-based WHEB said this meant either replacing the “complex” green deal with “something better” or overhauling the scheme to maximise its...


Outside shot of Maghull Food Store, Merseyside

Governance in co-operatives ‘as good’ as limited companies

Governance in co-operatives is “as good”, if not better, than governance in limited companies, according to a new report. The research comes just days after the Co-operative Group’s former chief executive labelled the organisation “ungovernable”. The report, from the trade body Co-operatives UK, reviews the performance and structures of...


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...


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