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...Miranda Green Thanks very much. Jim Pickard Thank you. Anna Gross Thanks, Lucy. Lucy FisherThat’s it for this episode of the FT’s Political Fix....
...UK Prime Minister Rishi Sunak argued the public was beginning to see “green shoots” of recovery in the British economy, noting that there was a “palpable sense out there . . . that the economy has turned...
...“They do see those green shoots — they can see that things are getting better,” he said....
...The wind is against green investment trusts in Europe....
...He drew criticism for backtracking on Labour’s £28bn green investment pledge, just days after committing himself to the figure....
...Those gross figures conceal significant churn, and job losses will be more heavily concentrated in some regions....
...The FT’s Whitehall editor Lucy Fisher is joined by FT colleagues Miranda Green, Jim Pickard and Anna Gross to discuss the week’s events in parliament....
...We now need the regulator Ofwat to give us the green light so that we can get on with it,” the trade body added....
...“The situation is extremely challenging,” said Robert Habeck, economy minister, as he said the country’s gross domestic product would expand by just 0.2 per cent year, down from a previous forecast of 1.3...
...Reeves also announced the policy would have to comply with Labour’s fiscal rules, under which public debt as a proportion of gross domestic product must be falling after five years....
...Prime Minister Rishi Sunak said the green goals his government was scrapping were “not necessary” to meet the UK’s emissions targets, despite strong opposition from the government’s own climate advisory...
...The Labour leader was criticised for abandoning a pledge to spend £28bn a year on green investment and sparked anger from the left and right of his party after he dithered before suspending two party candidates...
...Rishi Sunak said the green targets he was delaying were “not necessary” to meet the UK’s emissions obligations, despite concern from his government’s own climate advisory body.The prime minister on Thursday...
...Sunak also used the event on Thursday to hint at future tax cuts and to criticise Labour’s plans to borrow billions for green infrastructure spending....
...Rachel Reeves, shadow chancellor, has previously warned that the policy would have to fall within Labour’s fiscal rule that stipulates public debt must be falling as a percentage of gross domestic product...
...In a sign of a central attack line being drawn up against Labour, which is 18 points ahead in the polls, Sunak criticised the opposition party’s plans to borrow up to £28bn a year for its green investment...
...But it is just one of the green milestones that China has recently achieved....
...Terraform was backed by tech founders including former GitHub chief executive Nat Friedman, entrepreneur Daniel Gross, and Patrick and John Collison, co-founders of the payments company Stripe, Handmer said...
...Lucy FisherAnd the FT’s Miranda Green. Hi, Miranda. Miranda GreenHello, Lucy....
...Although official fiscal forecasts by the OBR are likely to move sharply in the coming weeks, Hunt could have more than £20bn of headroom against his target of cutting debt as a share of gross domestic product...
...And the implications of this green turn by China’s SOEs go beyond the high-level climate targets....
...describes the perverse political trade-offs in several European countries with respect to fiscal rules that prevent governments from borrowing and investing in areas such as critical infrastructure, the green...
...Further efforts to integrate energy networks, improve supply chain resilience, and boost digital and green investment will also support competitiveness....
...Trying to copy the US Inflation Reduction Act, a package that includes $369bn of subsidies and tax credits for clean energy technologies, would permanently knock 0.6 per cent off EU gross domestic product...
...In this paper last month, they called on the government to borrow more to fund a major increase in public investment — worth 1 per cent of gross domestic product, or £26bn — focused largely on low-carbon...
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