
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.
Preliminary figures from the Office for National Statistics suggests the UK economy grew by 1.1% in the second quarter, up from the previous quarters 0.3%. The service sector, which accounts for about three-quarters of the UK economy, reported particularly strong growth in the business and finance elements (growth of around 1.3%). What was particularly interesting was the role of construction; though a relatively small part of the economy, it contributed significantly to this growth figure reporting its fastest gains since 1963. Interestingly in the same week, the NCE (New Civil Engineer) reported that 6 out of 10 civil engineering firms are looking to the energy and water sectors for their income streams citing the decline of road spending. Most companies surveyed all reported a switch to the energy and water sectors. With utilities playing a pivotal role in underpinning the recovery, it is imperative that the government plays its part by instilling confidence in its future development policy with clear messages to industry.
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The Rising Costs of Energy
 
14 June 2006
Higher energy prices have helped push up inflation which in turn is likely to push up interest rates. Those exposed to rising fuel costs are now likely to start feeling an indirect impact on their borrowing costs.  
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Solar in the UK - Not So Bright
 
01 November 2011
DECC has published the Comprehensive Feed-in Tariff (FiT) document and at the same time, many say, put a nail in the coffin for the Solar Industry in the UK. With the FiT rate for Solar Power to be cut by more than 50%, and with a proposal that eligibility to the scheme should be linked to a minimum energy efficiency requirement - many fear that this will be the end for the industry  
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Carbon Floor Price Announcement: The Market Reacts
 
25 March 2011
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though  
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We're borrowing less than expected....
 
20 August 2010
As the government prepares its spending review it will no doubt welcome the latest figures that show net borrowing for July at £3.8bn. While still sizeable, this is £1.2bn less than forecast and well down on the £6.1bn that was borrowed in the same month last year.  
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Energy Secretary gives the first annual energy statement to the Commons
 
28 July 2010
Chris Huhne, the coalition government Energy Secretary yesterday gave the first annual energy statement to the Commons. He set out plans to secure energy supplies and cut carbon emissions. In all 32 measures were outlined all with the aim of helping the UK achieve the legally binding target to cut emission by 80% by 2050.  
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Green Investment Bank still a Concept
 
16 July 2010
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept.  
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Suddenly it's "British Petroleum"
 
02 June 2010
A name not used in a very long time, but suddenly the US are quick to refer to BP by its old name of British Petroleum, hoping perhaps to distance itself from blame regarding the disastrous oil spill in the Gulf of Mexico. But as the US announces a criminal investigation and as BP shares suffer further should the British economy concern itself?  
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A Week for Releasing Figures
 
20 April 2010
With the political debate heating up; more 'head to heads' scheduled and with the News Channels pouring over polls, polls of polls and more polls - then the economic figures coming out this week are surely going to add a lot more ingredients to the boiling pot.  
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UK Manufacturing slides further
 
07 December 2009
Corus announce plans to mothball most of its Teeside Cast Products steelmaking site - resulting in a loss of over 1,700 jobs and slate the UK Government at the same time for its lack of support.  
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