Tag: Economic policy

From tax hikes to ‘levelling up’: Rishi Sunak faces budget grilling by MPs

Treasury committee hopes to pin down chancellor on investment, the environment, NHS and universal credit Rishi Sunak will face questions from MPs on the influential Commons Treasury committee this week over his spend now, pay later budget plan to combine emergency Covid support schemes with the biggest tax rises since 1993. The chancellor outlined tax […]

Central banks aren’t what they used to be – and the better for it

Banks now tackle diverse issues, be it Covid-19, climate change or inequality. Purists may disagree but there’s no other option We are used to thinking about the remit of central banks as focusing narrowly on price stability, or at most as targeting inflation while ensuring the smooth operation of the payment system. But with the […]

Economics of biodiversity review: what are the recommendations?

Landmark report says GDP should be ditched as measure of wealth and nature valued to protect wildlife and humans “Our economies, livelihoods and wellbeing all depend on our most precious asset: nature. We are part of nature, not separate from it.” These are the opening lines of a newly published landmark review of the economics […]

Helping poorest tackle climate crisis will boost global growth, says IMF head

Kristalina Georgieva says investing to create resilient economies is a ‘win-win-win-win’ scenario Helping the most vulnerable people to cope with the climate crisis can boost the global economy during the Covid crisis and governments should make this a priority, the head of the International Monetary Fund has said. Kristalina Georgieva said international responses to the […]

Campaigners launch legal challenge against UK’s green recovery plans

Plan B says government proposals unlawful in light of obligations to cut emissions Coronavirus – latest updates See all our coronavirus coverage Climate campaigners have launched a formal legal challenge against the government’s green recovery plans, claiming they are inadequate and “clearly unlawful” in light of the UK’s obligations to reduce emissions. Plan B, the […]

The Guardian view on a green new deal: to save jobs and the planet | Editorial

The pandemic is an opportunity to tackle the climate emergency by creating productive green jobs for those made redundant by the crisis Britain needs a green job-filled recovery from the coronavirus crisis. Unlike Germany and South Korea, it is far from clear that we will get one. While Berlin and Seoul are retooling their fossil […]

Once again a battle-scarred Britain must find a new role in the world

We celebrate VE Day with the need to forge new trading relationships and with the grotesque economic burden of the coronavirus See all our coronavirus coverage In making his landmark post-Brexit speech in February under Sir James Thornhill’s baroque painted ceiling in the Royal Hospital, Greenwich, Boris Johnson believed he had found the perfect setting […]

A plan to fix Britain’s broken democracy | Letter

Dr Wanda Wyporska, Jonathon Porritt and Neal Lawson and nine others on the creation of a special assembly of citizens to make our democratic system fit for the 21st century Our democracy is precious. But right now, it’s in a mess. The problems are there for all to see: in the chaos over Brexit, in […]

The Guardian view on the global economy: opportunities wasted | Editorial

The G7 summit in Biarritz this weekend will fail to rise to any of its urgent challenges Rarely has there been more need of collective action on the world’s problems than at the G7 summit hosted by Emmanuel Macron in Biarritz this weekend. Rarely have the chances of success appeared so miserably low. The G7 […]