The big talking point recently has been the G7 Conference. Ahead of the gathering of the world’s seven most advanced economic nations, the UK, as presidents of the group in 2021, has been pushing for greater progress in ensuring financial markets support lower greenhouse gas emissions. When Chancellor Rishi Sunak met with finance ministers and...Read More
In 2021 Spring Budget, the Chancellor announced the introduction of temporarily increased tax reliefs for the purchase of qualifying assets with the aim of stimulating business investment and promoting economic growth and recovery. We’ve created a quick guide to help you understand the new super-deduction tax. What is the super-deduction tax? From 1 April 2021...Read More
Growing push for Net Zero finance This month green investments are hitting the headlines. The Guardian is reporting that pension funds must set a target of Net Zero emissions for their investments if the UK is to meet its climate goals, influential figures in climate activism have urged. The UK pensions sector accounts for about...Read More
Governor of the Bank of England Mark Carney has been appointed United Nations Special Envoy for Climate Action and Finance (after his term ends on 31 January). Meanwhile European Central Bank President Lagarde is pushing for climate change to be part of a strategic review of its purpose. A need for public spending to assist...Read More
As the General Election campaign gets under way, three main parties revealed their manifestos last week. All of them promise a lot more public investment, especially Labour which intends to almost double the current level. Whoever wins, the economy can look forward to greater support from government spending. Ready, steady, spend! This week saw the...Read More
Both Germany and the UK escaped recession, figures last week showed. But both have reason to be concerned about their near-term outlook. UK election campaigning suggests either a (i) large or (ii) enormous dollop of government spending is coming. Germany could do with either. Lost mojo. No recession for the UK. Not yet anyway. After...Read More
The 2019 General Election is officially underway, with politicians of all colours off in search of votes. At stake is not only the future of Brexit but of fiscal policy, our response to climate change and more besides. The UK economy looks pale and weak in contrast to the frenzy of activity amongst would-be-MPs. Business surveys...Read More
We are delighted with the announcement Capitas is a finalist in the category ‘Sustainability’ Finance Provider at the Leasing Life 2019 Awards in Barcelona later this month. The nomination reflects the innovative financial products and services Capitas has deployed in collaboration with its energy sector partners; delivering significant carbon reduction and savings to both private...Read More
Attacks on two oil facilities in Saudi Arabia led to a 6% reduction in global oil supply and a 15% oil price spike within days. Saudi Arabian assurances that oil production levels will return to normal within weeks have been greeted sceptically. Meanwhile the Federal Reserve lowered the Fed Funds Rate by 25 basis points...Read More
Last week started with the prorogation of the UK Parliament, the legality of which will be decided by the Supreme Court this week. Despite the political storm, it looks like the UK economy managed to stave off a recession. A series of significant new monetary easing measures were announced by the outgoing ECB President Draghi....Read More