The run-up to Brexit has felt like Hemingway’s description of going bankrupt: gradually, then suddenly. Months of slow, confused politics: Theresa May surviving the most important week of her career, until the next one; unmeaningful votes passing or failing and not having much effect either way; opposition that is never quite clear what it is opposing. All this has now led us to a point just over twenty days from Brexit and, despite, or perhaps because of, the recent moves, in the new Independent Group and Labour’s support for another public vote, Westminster remains in chaos. Read more
Tag Archives: comprehensive spending review
Last week, Green Alliance outlined how pre-election Conservative Party spending promises might affect DECC’s budget. The headline was that 90 per cent of DECC’s staff budget could vanish by 2018-19 due to four factors: Read more
Talk is cheap: why the gap between rhetoric and reality in the coalition’s infrastructure policy matters
This post by Green Alliance’s chief economist Julian Morgan. It first appeared on the New Statesman economics blog.
Ministers should not be under any illusion that public spending on high carbon projects offers a quick economic fix.
Amid all the headlines about the biggest programme of road building for 40 years and announcements of new support for fracking, you would be forgiven for thinking that the recent Comprehensive Spending Review meant an abandonment of plans to decarbonise Britain’s economy. Thankfully, that’s not what our analysis of the Treasury’s own numbers shows as the plans for upgrading Britain’s infrastructure still remain focussed on public transport and renewable energy. However, there are major contradictions at the heart of the government’s policy, which risk deterring the very private sector investors who are needed to implement many of these projects.