Archive

Browse our published reporting by date and region.

Finance

KKR and RWE are rich firms. Why do they need a UK state loan for their windfarms? | Nils Pratley

National wealth fund is to lend £1bn towards the Vanguard projects – but whether the private equity giant needed help is debatable “This major investment in UK renewables is a vote of confidence for building in Britain,” declared the prime minister. Andy Burnham is obviously correct that the two Vanguard windfarms off the coast of Norfolk are huge investments. Together, they require almost £13bn of debt financing. But he can’t claim they represent a fresh expression of confidence. The project has been on the runway since the German utility RWE, the developer, was awarded a contract to build th

The Guardian
Read more
Politics

Chancellor confident budget will lead to growth despite OBR not finding evidence to prove it – as it happened

This blog is now closed Here are some more comments on the report for the Casey commission released today looking at how social care is run in England. (See 9.56am.) This is from Natasha Curry, deputy director of research at the Nuffield Trust and one of the report’s authors. Compared to the other countries we looked at, the governance of England’s social care system is confused and complex. Overlapping and unclear roles leave dangerous uncertainty around who is responsible for important decisions, contributing to the inertia around reform England has struggled with for decades. The serious co

The Guardian
Read more