green investment bank

Pre-Budget Comment on Green Investment Bank

Leadership in Green Finance needs credible Green Investment Bank In advance of Wednesday’s budget, the UK Sustainable Investment and Finance Association (UKSIF) has called for a clear government commitment in the budget that the planned UK Green Investment Bank will have the power to issue bonds as soon as it is fully operational and will aim to ramp up to large scale bond issuance within the next three years. Commenting on press rumours that the decision on whether the bank can borrow may be delayed, Penny Shepherd MBE, UKSIF chief executive, said: “Today, the UK is widely recognised as a global leader in green financial services. There is a real risk that our international competitiveness in this growing market will be seriously damaged if we are not seen to recognise the urgency o... »

Business Support and Flexible Working Reforms in Queen’s Speech

Plans to extend the right to request flexible working to all employees and to reform the government’s business support network, were the key measures for small firms in the Queen’ Speech. The Queen’s Speech contained 22 Bills, including planned legislation to cut the budget deficit, invest in high-speed broadband, create a Green Investment Bank to support investment in low-carbon projects and raise employers’ National Insurance Contributions from April 2011.  Flexible working reforms were also announced. Currently, only employees with children aged up to 16, or disabled children up to 18, have the right to request flexible working. But under the Government’s proposals, all employees will have the right to request flexible working. The Department for Busin... »