In one stroke of a ministerial pen, the drilling licenses which Sunak had committed to, were cancelled. Miliband for a long time has been an advocate of clean energy and has committed to decarbonizing the national grid, in full, by 2030. At the same time, in a sign this Government are prepared to tackle the NIMBYs head on, previous restrictions regarding on shore wind farms are to be removed and investment into solar power infrastructure is to be trebled.
Given the recent general election, it is no surprise that vacancies dropped in June. With Businesses waiting on the outcome of the election, whilst Labour winning was a given, the coming weeks will now see a blitz of policy announcements, which will give greater clarity when it comes to investment.
Is it the responsibility of Government to directly stimulate economic growth, or is it for them to create the environment where businesses invest themselves? Statism, or interventionist supply side policies are coming to the fore once more, and for the incoming Labour Government, there are a myriad of policy proposals designed to achieve growth.