Fiscal rules for policy banks are holding back investment in climate projects

clock • 4 min read

The new government could create £15bn or more of fiscal space over this Parliament by excluding public policy banks from national fiscal rules, writes Flint Global's Andy King

Labour's manifesto committed to fiscal rules that require public sector net debt (PSND) as a percentage of GDP to be falling in the fifth year of the forecast. Recent reports suggest Chancellor Rachel...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

Decarbonising cement: Why linking the UK and EU's Emissions Trading Schemes isn't enough
Policy

Decarbonising cement: Why linking the UK and EU's Emissions Trading Schemes isn't enough

Moves towards linking the UK and EU's carbon markets and establishing carbon border levies are steps in the right direction, but far more policy certainty and support is still needed to help heavy industry decarbonise, writes Diana Casey from the Mineral...

Diana Casey, Mineral Products Association
clock 01 August 2025 • 6 min read
The European Commission a signalled a new chapter for carbon markets
Policy

The European Commission a signalled a new chapter for carbon markets

Across Europe, governments are signalling that carbon markets can serve as a legitimate tool to support delivery of climate targets, writes Giulia Carbone of the World Business Council for Sustainable Development (WBCSD)

Giulia Carbone, World Business Council for Sustainable Development
clock 01 August 2025 • 5 min read
EA warns England's low carbon industrial clusters face growing physical climate risks
Risk

EA warns England's low carbon industrial clusters face growing physical climate risks

Environment Agency calls for permitting and planning tweaks to help government, developers and councils better prepare for new low carbon heavy industry for climate shocks

Michael Holder
Michael Holder
clock 30 July 2025 • 3 min read