Car ban by 2030

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Petrol and diesel banned

From 2030, all cars and vans sold in the UK will have to be electric or hybrid, under Boris Johnson’s new “green industrial revolution” plan. It’s part of a £4 billion package announced yesterday to tackle climate change and create up to 250,000 jobs. As well as driving out petrol and diesel cars, it includes building new wind farms and a new nuclear plant, and installing low-energy heat pumps in millions of homes.

Retail extravaganza

November is shaping up to be a record-breaking month for online spending. With England stuck indoors, we’re buying 61% more stuff online than this time last year. Plus, Black Friday is set to be even bigger than usual, as retailers urge people to get their Christmas shopping done early.

Inflation picks up

The rate of inflation was higher than expected in October, driven by price increases for food and clothing. There was a little bit of stockpiling at the end of the month, when new restrictions were announced including a second national lockdown in England.

Investment surge?

The prospect of a coronavirus vaccine could trigger an investment surge in the UK according to Andrew Bailey, the governor of the Bank of England. It would remove a key source of uncertainty that has held back investment in businesses. He also mused that the economic shift caused by the pandemic could hold a cure for the UK’s poor productivity record.