Green Policies Central to Upcoming UK Budget
Green Policies in UK Budget
In an echo of President Obama’s initiatives of a few months ago, the upcoming April 22nd UK budget, to be delivered by Chancellor Alistair Darling, is set to incorporate green initiatives as a central axis of a program to boost the UK economy.
According to an interview in The Independent, the government aims to target over 400,000 jobs in “green industries” in the next five years. The article outlines Prime Minister Gordon Brown’s thinking.
The jobs of the future would come from a “green revolution” and an expansion in sectors such as pharmaceuticals, health care, education, the creative industries, information technology, bioscience and advanced manufacturing. Despite fears of a much smaller financial sector, he insisted that London would still be “one of the most attractive places to do business from”.
Greening Car Transport
The most headline grabbing policies are likely to come from plans to ‘green’ vehicular transport within the UK. The government sees opportunity for the UK to become a world leader in the field of hybrid and electric cars, and will outline incentives with which which to promote this. Another policy is thought to be a car-scrap-scheme (modelled on the successful German initiative), where car owners will recieve £2000 to scrap their old vehicles and invest in newer, greener alternatives.
Is investing in the green-economy likely to have a positive long term effext as the government believe? Let us know your opinion…………
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Green Policies Central to Upcoming UK Budget