Commenting on the Chancellor’s Budget, Rohan Malik, EY’s UK Managing Partner for Government & Infrastructure, said:
“For years experts have asked governments not to approach sustainability as a confined, standalone policy – instead it should be championed and visible throughout all departments and policies. Today we saw more of that imbedded thinking across policy areas from infrastructure to immigration and finance, hopefully heralding the dawn of a truly green economy.
“A green recovery required bold moves in the Chancellor’s statement, especially as the eyes of the world turn to the UK as we host COP26. We would expect to see much more detailed plans for the UK coming from the Government on areas of international concern, such as Carbon Pricing, as we get ever closer to this global event.
“The establishment of the first ever UK Infrastructure Bank could help target public and private projects that will help finance the green industrial revolution – finding the right projects and injecting £12bn to accelerate action where it’s needed. Port infrastructure investment will help enhance and drive forward the UK’s global competitive advantage in the next generation of offshore renewables.
“New mechanisms, such as the points-based visa reform for high-skilled sectors such as science, research and tech, as proposed by EY, could be a good way for the Government to attract the best and brightest in low-carbon sectors and really grow an economy built on a green jobs market.
“Green aspirations have to be actioned throughout every aspect of civic life by meaningful policy development. Infrastructure, building back better greener, and levelling-up are three policy strands that are trying to drive equality and achieve a more sustainable future for all. There must be a joined-up mindset around sustainable outcomes by continuing to bring different parts of Government together to make an impact on the ground.”
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