The upcoming budget is crucial for the government, the country and the environment. Although the economy is beginning to recover, public finances remain tight. The UK’s investment as a share of GDP is among the lowest in the G7 and is expected to decline further. To build a strong economy and achieve net-zero, significantly increased investment is essential.

Current stringent fiscal rules hinder the ability to raise investment, despite its economic benefits. Therefore, it is encouraging that the government is considering ways to make these rules more flexible. In this briefing, we set out our recommendations to the chancellor on how to use this additional fiscal space, from investing in sustainable transport and infrastructure, to enhancing industrial energy efficiency and supporting farmers in fulfilling nature commitments.

For more information, contact:

Steve Coulter, head of economy: scoulter@green-alliance.org.uk