This post is by Colin Hines, convenor of the UK Green New Deal Group.
Shaun Spiers correctly cites the concerns felt by many in industry about the effects of chancellor Sajid Javid recent assertion in the Financial Times that the UK will no longer be aligned with EU rules, or in the single market or customs union. Read more
In Saturday’s Financial Times the chancellor, Sajid Javid, made it clear that the UK is going to diverge from EU rules: “There will not be alignment, we will not be a ruletaker, we will not be in the single market and we will not be in the customs union — and we will do this by the end of the year.” Read more
The government is in asset sale mode. The planned sale of the nationalised banks will set a new high watermark for capital raised, previously set by the BP privatisation, presided over by Margaret Thatcher in 1987.
The sale of the Green Investment Bank (GIB) is being pushed through, alongside the sale of Lloyds and RBS. But, the criteria by which these sales will be judged are quite different. The sale of the retail banks needs to maximise returns to the taxpayer through the share price achieved on the day of the sale. But, the sale of GIB shares needs to optimise return to taxpayers in the long term by securing the bank’s unique mission. Read more