Green UK Offer Heat Pump Grants To
Phase Out Gas Boilers While Interest Rates Will Rise In November
The Bank of England
will increase base interest rates to 0.25% next month, the market is betting.
The historically low
rates of 0.1% will be raised to combat rising inflation, which is expected to
reach 4% this winter.
Up to 90,000 UK
households will be offered grants of £5,000 over the next three years to
install heat pump systems to replace gas boilers.
Ahead of Glasgow’s
COP26 climate change conference, the UK government has commited spending almost
£4 billion of taxpayer’s money as part of the ‘Net Zero Strategy’ green agenda
plan to create more electric charging points and all new heating systems to use
low-carbon technology or fuel such as hydrogen by 2035.
The policies are
expected to create 400,000 new jobs by 2030, although much of the technology
will be imported. Prime Minister Boris Johnson, sitting next to Bill Gates, has
pointed to £10 billion inward investment into the UK.
There is a risk that
the upheaval of green policies being introduced too quickly could wipe out older
industries and millions of jobs. Rishi Sunak has already announced plans to
imposed environmental tariffs on large firms at a time when post-brexit Britain
needs to encourage more manufacturing to narrow the widening trade gap.
Mortgage lending
could become harder on ‘non-green’ properties, although details have yet to be
thrashed out.
Stock Markets could fall 10%, the Bank Of England has
warned, and property prices could follow.
Financial markets and stocks and shares could
see a “sharp downturn” with lower expectation of an early economic recovery
from the lockdown the Bank of England predicted last week.
The QE money printing party, which have
artificially fuelled property and stock markets to record highs, must eventually
end.
How can you protect yourself and profit from
a stock market or property crash when the bubble bursts?
Fortunes have always been lost and made
during a stock and property market downturn.
Even if you do not directly invest in the
stock market or property your pension fund manager may be doing so on your
behalf. Check with your administrator or financial adviser.
The answer is to learn about investing and
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