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The Latest Breaking News from Common Wealth

UK should ‘repurpose’ Belfast shipyard to make green infrastructure

Thinktank says government should set up arm’s-length company to buy Harland & Wolff site, which is in administration

The Guardian - UK

Corporate UK tax breaks to cost £20bn more than they generate, study finds

Exclusive: Relief rolled out in 2023 will cost £30bn in taxes but spur only up to £10.5bn investment, analysis shows

The Guardian - UK

Dividends payments soar globally as worker pay stagnates

Shareholder payouts grew 14 times faster than wages over past three years, says Oxfam report

The Guardian - UK

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The Guardian view on GB Energy: Labour’s big idea could be a great one for the planet

Editorial: Sir Keir Starmer’s plans could see the British state – rather than foreign ones – play a key role in clean energy

The Guardian - UK

To revive Britain from recession the next government must get growth right

Two priorities are tackling entrenched inequalities and – the biggest challenge – addressing the climate crisis

The Guardian - UK

Labour urged to double funding in publicly owned renewables

Cash injection in Great British Energy should be increased to £30bn, thinktank says after Keir Starmer U-turn

The Guardian - UK

So this is how the Royal Mail ends: killed by lying politicians, lousy managers and ruthless moneymen

The decline of this great institution is a story in microcosm of how so many aspects of British life have been degraded, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

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‘Elephant in the room’: The US military’s devastating carbon footprint

The US military emits more than entire industrialised nations like Portugal and Denmark, yet evades scrutiny.

Al Jazeera

New report shows the real culprit behind high prices and inflation

Inflation has eased throughout 2023, but prices have remained high.

The Street

Bidenomics lessons: Labour looks to Democrats as it prepares for power

Flagship US programme offers blueprint for Rachel Reeves, in echo of policy cooperation in era of Clinton and Blair

The Guardian - UK

UK ‘wastes billions’ on defence firms that give investors rich returns

Study claims taxpayer is subsidising up to 90% of weapons companies’ research and development budgets

The Guardian - UK

The wretched state of Thames Water is one of the best arguments for public ownership we have

Water privatisation in England and Wales has achieved just one thing: the enrichment of executives and overseas shareholders, says Mathew Lawrence of the thinktank Common Wealth

The Guardian - UK

Fury as Shell makes £7.6BILLION in 3 months as Tory windfall tax failure blamed

The oil giant raked in a record £7.6billion in the first three months of this year, or £986 every second, and showered shareholders with £4.8billion

Daily Mirror

Green investment funds pushing money into fossil fuel firms, research finds

BlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas

The Guardian - UK

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The Guardian - UK

There’s a simple way to reduce the average UK electricity bill – and make energy cleaner

Recent research estimates a publicly owned generating company could reduce electricity costs by £252 per household a year, says Common Wealth analyst Chris Hayes

The Guardian - UK

State-owned electricity generation firm ‘could save Britons nearly £21bn a year’

Analysis by thinktank Common Wealth bolsters Labour’s case to launch national energy company

The Guardian - UK

The energy sector isn’t ‘broken’, it’s cooking on gas – if you’re a profit-hungry shareholder

Under the current setup, delivering energy can only ever be incidental to the real business of reaping monster returns, says Mathew Lawrence, of the Common Wealth thinktank

The Guardian - UK

‘Rampant profiteering’: Unite asks Ofgem to cap power distributors’ profits

Exclusive: after UK networks rake in £15.8bn, Sharon Graham says they are holding the public to ransom

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The Guardian - UK

BP declares £7bn profits while energy bills soar? It’s time to start taxing shareholder payouts

Closing tax loopholes would redirect more of BP and Shell’s bumper profits, says Joseph Evans of the IPPR

The Guardian - UK

Kwasi Kwarteng’s tax cuts will benefit richest amid dividend boom – report

Since pandemic shareholders have enjoyed large payouts at time of meagre workers’ pay growth, thinktanks find

The Guardian - UK

Labour is right: it’s time for Britain to profit from its own renewables

The proposals would ensure the power of our wind and waves is harnessed for everyone – not just foreign governments and multinationals, says Mathew Lawrence of the Common Wealth thinktank

The Independent UK

Multi-billion public investment in batteries needed to save UK car sector, report finds

Exclusive: Tens of thousands of jobs in industry of future at risk unless UK ramps up domestic production

Daily Mirror

How UK backing electric cars revolution could create thousands of jobs in your area

Research shows a well thought out strategy for transitioning to electric vehicle manufacturing could create 33,000 new, well-paid jobs - and failing to do so could cost the country 90,000 jobs

The Guardian - UK

Energy companies are bleeding British families dry. Here’s how to fix it

Taking back governmental control would be a long-term solution to a broken system, says Guardian columnist Owen Jones

The Guardian - UK

What’s really behind the failure of green capitalism?

The UK is witnessing extreme temperatures, prompting public outcry. Yet new proposals to counter this are coming up short, says incoming Common Wealth director Adrienne Buller

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