David Prosser: The day the sun stopped shining
Outlook Remember the green economy? So do the 4,500 workers told yesterday by their employer, Carillion, that they are at risk of redundancy because the Government has slashed the subsidies on offer to people who install solar panels on their homes. The cuts take effect next week, even before a consultation exercise on the future of feed-in tariffs has finished, and they are drastic.
Any industry threatened by Government policy cries wolf and threatens merry hell (ask the City about the banking levy, for example). And the solar community, if it is being candid, will concede the feed-in tariff scheme had become over-generous, not least because the cost of the technology has been falling rapidly. Still, its warnings that the effects of cuts of this scale would be devastating are already being borne out – Carillion is just the latest in a string of solar specialists to pull back.
Greg Barker, the minister responsible for the feed-in scheme, has this week told MPs he is unrepentant – if anything, he says, he should have acted even sooner because demand for the scheme had outstripped all expectations. That may be the case, but the thousands of job losses that have resulted, suggest that if Mr Barker wasn't over-hasty, he was certainly heavy-handed.
- 1 What happens to your body when you give up sugar?
- 2 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 3 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 4 Penis size: Study revealing 'what's normal' sends international media into meltdown
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
Ayesha Ali death: Mother and her girlfriend found guilty of manslaughter of eight-year-old
George Clooney and Amal fail to get special treatment at New York restaurant
Cindy Crawford 'un-PhotoShopped' viral Marie Claire image was doctored, claims photographer
'A girl is more responsible for rape than a boy': The statement that shocked the world... except India
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Durham Free School: 'Creationism taught at' free school facing closure
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
iJobs Money & Business
£25000 - £30000 per annum + benefits: Ashdown Group: A global leader operating...
Voluntary post, reasonable expenses reimbursed: Reach Volunteering: Would you ...
£36,000 - £40,000: Christine McCleave: Are you looking for a new opportunity a...
£15000 - £18000 per annum: Recruitment Genius: This is a great opportunity for...