How to reverse Britain’s chronic underinvestment in energy – and who needs to pay

By Rosa Fernandez Martin, Senior Lecturer in Economics and Finance, Keele University

The transition to a greener society will involve huge investments in wind farms, electric cars and trains, new ways to heat homes, and much more. Yet the UK government is sending mixed messages over whether it intends to finance such projects at anything like the rate required.

With her speech at the recent Labour Party conference, the chancellor, Rachel Reeves, sparked rumours she would change her approach to fiscal policy to enable more public spending.…

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