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Campaigners say closure of loophole making it cheaper to export rather than recycle will boost circular economy The UK could end its reliance on exporting plastic waste by 2030 to support the creation of 5,400 new jobs and take responsibility for the environmental impact of its waste, according to research. The report said up to 15 new recycling facilities could be built by the end of the decade, attracting more than £800m of private investment. The increase in capacity would help generate almost £900m of economic value every year, providing at least £100m in new tax revenues annually. Continue…
Rolling coverage of the latest economic and financial news Today’s borrowing figures compound the woes for Chancellor Rachel Reeves as she seeks to plug gaps in the public finances and find extra to rebuild her headroom for future shocks, says Richard Carter, head of fixed interest research at Quilter Cheviot: Carter points out that borrowing so far this financial year is £9bn higher than a year before, which he says highlights the extent to which the government has increased borrowing since coming to power last year. “Markets and investors are craving some sort of fiscal responsibility from the UK…
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