Author Archives: GovWorldMag

EU to open Delegation to Mongolia

With its new Delegation in Ulaanbaatar, the EU will have a total of 140 Delegations around the world. The President of the European Commission, Jean-Claude Juncker said: “The European Union is delivering on a promise to open a fully-fledged delegation … read more

Today’s IMF report is yet another blow for the Government and its continued austerity agenda – McDonnell

John McDonnell MP, Labour’s Shadow Chancellor, responding to the IMF downgrade of UK growth forecasts, said:

“Today’s report from the IMF is yet another blow for the Government and its continued austerity agenda that is holding our country back.

“It further reveals that this government has no real plan for Brexit and no real plan to deal with the problem of earnings not keeping up with prices, which is undermining growth and risking living standards.

“Only a Labour government will end austerity and provide the vital programme of investment to boost growth in our economy, underpinned by our Fiscal Credibility Rule, which our country desperately needs.

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The Government’s promise of battery technology investment is a re-announcement of funding – Long-Bailey

Rebecca Long-Bailey MP, Labour’s Shadow Secretary of State for Business, Energy and Industrial Strategy, commenting on the Government’s industrial strategy announcement, said:

‘’Today’s ‘announcement’ is something of a damp squib. The Government’s promise of investment in battery technology is simply a re-announcement of funding promised back in April as part of the Industrial Strategy Challenge Fund, and their record of supporting emerging green industries is abysmal.

“Labour’s plans for energy market reform would see consumers’ bills slashed by £120 and our industrial strategy to create one million good jobs and ensure that we find 60 per cent of our energy from renewable sources by 2030 has real teeth, backed up our £250 billion National Transformation Fund.

“This scale of vision and investment is what is needed to transform the UK economy, not a re-announcement of the same small pot of funding.’’

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