On Wednesday the British Finance Minister, who is rather grandly called the Chancellor of the Exchequer, announced the budget for the coming financial year. I have never understood why it is called a budget because a principle of every budget it that it should balance. The economies of the world’s developed nations rarely have balanced budgets; it is all about borrowing and more borrowing. I always look at the budget measures from an environmental perspective, so how green is this budget? (more…)
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