With strength in jobs, infrastructure spending and international trade, the green economy is weathering the recession's storm
26 September 2012 - Four years ago this month, the then US Treasury secretary Hank Paulson learned that the British government would not allow Barclays to purchase Lehman Brothers. "They don't want US problems infecting the UK system," Paulson said. Days later, Lehman filed for bankruptcy. But, it turns out, we were far from immune.
UK GDP will not recover to pre-crisis levels until 2014 at the earliest and we seem to be recovering at a slower pace than other nations. We are still sick. That means we need to look to the parts of our economy that are still healthy, because they will have the cure.
Cue the green economy. By 2014, when it's expected the rest of the economy will be restored to 2007 levels, the green economy will have grown by 40%. The Confederation of British Industry states that one-third of the UK's economic growth in the last financial year came from green business. They also believe green business could halve our trade deficit by 2014-15. That makes sense, since we already export £330m more green goods and services to China than we import from them. read more>>>
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