Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

The IOD calls for Sunak to introduce Inflation Reduction Act to UK

by March 7, 2023
March 7, 2023
The IOD calls for Sunak to introduce Inflation Reduction Act to UK

The Institute of Directors is calling on the UK government to be significantly more active in incentivising green industries and technologies.

In a recent survey of IoD members, nearly 8 in 10 businesses supported subsidies, either to achieve a step-change in how we tackle climate change or to level the playing field with the EU and the US.

Dr Roger Barker, Director of Policy at the Institute of Directors, said: “The Inflation Reduction Act in the US is a game changer which cannot be ignored by UK policy makers. It provides substantial incentives for companies to pursue green innovations and green technologies in the United States rather than in the United Kingdom. The EU is also raising the stakes through its ‘Green Deal Industrial Plan’ which, amongst other things, is proposing a significant relaxation of the EU’s state aid rules when it comes to investment in green technology.

“In 2021, Prime Minister Boris Johnson announced that the UK’s strategy was to ‘lead the world in ending our contribution to climate change’. However, we have now reached a situation in which that rhetoric needs to be converted into substance.

“A particular concern is that short-term budgetary concerns will override the strategic imperative of establishing market leadership positions in green business. It’s imperative that government and the private sector work together, otherwise the UK will find itself left behind in the accelerating race to lead the green economy.

“The UK deserves nothing less than its own version of the Inflation Reduction Act – to ensure that the UK becomes the global location of choice for all forms of green investment.”

Read more:
The IOD calls for Sunak to introduce Inflation Reduction Act to UK

0
FacebookTwitterGoogle +Pinterest
previous post
UK gender pay gap widens as childcare costs worsen ‘motherhood penalty’
next post
Female founders built over 150,000 new businesses in 2022

You may also like

JPMorgan Chase & Co. surges ahead in AI...

June 8, 2023

Trump hails ‘magnificent victory’ as projected winner of...

November 6, 2024

Pound hits fresh 37-year low against dollar

September 22, 2022

UK mid-sized firms lag in boosting ethnic diversity...

March 11, 2025

Have high street bookies lost the fight against...

November 29, 2022

Small business bosses say they are resilient and...

June 2, 2025

Top female angels invest £4.5m to turbocharge opportunities...

November 3, 2022

Train drivers at 12 firms will strike on...

September 20, 2022

Rishi Sunak scraps plans for new smart motorways...

April 17, 2023

New Chancellor Rachel Reeves Announces Mandatory Housing Targets...

July 8, 2024

JPMorgan Chase & Co. surges ahead in AI...

June 8, 2023

Trump hails ‘magnificent victory’ as projected winner of...

November 6, 2024

Pound hits fresh 37-year low against dollar

September 22, 2022

UK mid-sized firms lag in boosting ethnic diversity...

March 11, 2025

Have high street bookies lost the fight against...

November 29, 2022

Small business bosses say they are resilient and...

June 2, 2025

Top female angels invest £4.5m to turbocharge opportunities...

November 3, 2022

Train drivers at 12 firms will strike on...

September 20, 2022

Rishi Sunak scraps plans for new smart motorways...

April 17, 2023

New Chancellor Rachel Reeves Announces Mandatory Housing Targets...

July 8, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Bank Capital Standards

      July 3, 2025
    • White House wants Obama intel officials ‘held accountable’ for role peddling 2016 Russia hoax

      July 3, 2025
    • EPA places numerous employees on leave for alleged misuse of official titles in unauthorized letter

      July 3, 2025
    • 2 lone Republicans vote against Trump’s ‘big, beautiful bill’ as it heads to president’s desk

      July 3, 2025
    • Freedom of Speech Is Worth Celebrating, as Europe Ramps Up Prosecution of “Hate Speech”

      July 3, 2025
    • Psychedelic Legalization

      July 3, 2025

    Categories

    • Business (8,379)
    • Investing (2,102)
    • Politics (15,938)
    • Stocks (3,188)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved