The Bank of England’s Monetary Policy Committee (MPC) voted 6-3 to raise the Bank Rate by 25 basis points in August (to 5.25%), in line with market expectations. This marked the 14th consecutive increase in interest rates.
At a time of global energy uncertainty, net zero cannot just be an ambition: it is a strategic necessity. Delivering a low-carbon economy is essential for long-term, sustainable growth. Last year, our green economy grew 9% versus 1% for the rest of the economy. But right now, the UK risks falling behind the global competition on green growth. The EU and US have overtaken us with huge stimulus