Labour's Darling delivered his (probably last) pre budget report which included a range of measures to "tackle" the country's balance sheet. Among a range of tax raising measures, it was heartening to see that the Bingo players out there will see duty fall 2% to 20%!
Labour's Darling delivered his (probably last) pre budget report which included a range of measures to "tackle" the country's balance sheet. Labour propose a NI rate increase of 0.5% from April 11, a return to 17.5% VAT and an end to the Stamp Duty holiday enjoyed on some properties from 1 Jan 10 as well as a one-off tax on bonus over £25k. However it wasn't all bad news, for those Bingo players out there, the duty will fall from 22% to 20%, and the estimated public loss from those bank bailouts fell £50bn to £10bn! The range of tax raising measures will support the planned 2010-11 spend of £31bn, £160m of which is earmarked for investment in low carbon and renewable projects. But with 2009 borrowing now forecast at £178bn, the climb ahead remains steep. The current Government aim to half the budget deficit by 2013 - but whether they'll be the current Government then is another matter.
09 October 2006
The green lobby are beginning to get to the government, is it common sense or the fact that the leader of the opposition has parked his tanks on that particular lawn. read more...
15 September 2006
The UK Government has published details of its planned £1bn energy research institute. With a mix of private and public funding, the Energy Technolgies Institute aims to pool expertise across the sector. read more...
02 March 2006
Wind farms have always struggled with planning permissions. As another potential site gets rejected by the government, the question has to be asked is the UK's green generation policy just lip service to appease the green lobby. read more...
01 February 2005
Government spend £42m on tidal power read more...
2nd Quarter Growth at 1.1%; What Role For Energy
Preliminary figures from the Office for National Statistics (ONS) suggests the UK economy grew by 1.1% in the second quarter, up from the previous quarter's 0.3%. While the figures are preliminary (and based on around 40% of the ultimate data), what they do show is that construction, a relatively small part of the economy, contributed significantly to this growth figure. With 6 out of 10 civil engineering firms looking to the energy and water sectors for their income streams, it seems energy has a role to play in underpinning the recovery. read more...
23 July 2010
Preliminary figures from the Office for National Statistics (ONS) suggests the UK economy grew by 1.1% in the second quarter, up from the previous quarter's 0.3%. While the figures are preliminary (and based on around 40% of the ultimate data), what they do show is that construction, a relatively small part of the economy, contributed significantly to this growth figure. With 6 out of 10 civil engineering firms looking to the energy and water sectors for their income streams, it seems energy has a role to play in underpinning the recovery. read more...
A week of Positives
This was a week for good news in the Financial markets; the IMF upgraded its forecasts for world economic growth and there was increasing confidence that European banks would pass their stress tests. Borrowers were pleased, though not surprised that UK interest rates remained unchanged. Overall world stock markets recorded gains across the week. read more...
09 July 2010
This was a week for good news in the Financial markets; the IMF upgraded its forecasts for world economic growth and there was increasing confidence that European banks would pass their stress tests. Borrowers were pleased, though not surprised that UK interest rates remained unchanged. Overall world stock markets recorded gains across the week. read more...
Capacity Payments Discussed as a Tool to encourage Investment
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development. read more...
30 June 2010
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development. read more...
B-day: the aftermath....and look out interest rates
So as Britain's youngest chancellor delivered his first (emergency) budget, was it as painful as expected. Probably not if you are a bank! read more...
23 June 2010
So as Britain's youngest chancellor delivered his first (emergency) budget, was it as painful as expected. Probably not if you are a bank! read more...
Unemployment Figures Rise
Unemployment rose to 2.47m during the first 3 months of the year and with further public sector cuts widely anticipated, things don't look particularly rosy. A very tricky balancing act lies ahead - sort out the deficit but beware the pull from the black hole called recession. read more...
16 June 2010
Unemployment rose to 2.47m during the first 3 months of the year and with further public sector cuts widely anticipated, things don't look particularly rosy. A very tricky balancing act lies ahead - sort out the deficit but beware the pull from the black hole called recession. read more...
Investing in the Future
The Wave and Tidal energy sector gets nervous ahead of the E-budget, concerned that funds will suffer as part of anticipated public spending cuts. Should this sector suffer? read more...
11 June 2010
The Wave and Tidal energy sector gets nervous ahead of the E-budget, concerned that funds will suffer as part of anticipated public spending cuts. Should this sector suffer? read more...
Budget day sees the UK set lead on carbon
The chancellor stated that he wanted the UK to cut emissions by 34% by 2020. read more...
22 April 2009
The chancellor stated that he wanted the UK to cut emissions by 34% by 2020. read more...
Dong buy Severn Power
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
10 March 2009
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
Imera secures new inter connector
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
07 December 2008
Imera an Irish consortium has secured a good growth opportunity for 2011. read more...
UK ROC Auction….
The Non-Fossil Fuel Agency dealt over 100,000 Renewable Obligation Certificates on behalf of renewable generators to licensed Suppliers. 1ROC equates to 1MWh and the average price of the ROC for Q2 08 was £51.34. read more...
10 October 2008
The Non-Fossil Fuel Agency dealt over 100,000 Renewable Obligation Certificates on behalf of renewable generators to licensed Suppliers. 1ROC equates to 1MWh and the average price of the ROC for Q2 08 was £51.34. read more...
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