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UK minister stresses need to tackle climate crisis at G20

New UK programmes announced in India also include an investment of £10 million in the Avaana Fund, a women-led climate-tech fund

UK minister stresses need to tackle climate crisis at G20

UK minister Andrew Mitchell attended the G20 development ministerial meeting in Varanasi on Monday (12), when the climate and tech partnerships were announced.

The new UK support includes funding for a tech start-up focusing on sustainable agriculture, including through growing vegetables in an environmentallyfriendly way.


Mitchell told the gathering about how the UK’s partnerships and investments are helping tackle the biggest shared challenges of today – including climate change, poverty and food insecurity. The meeting is laying the groundwork to accelerate progress towards the sustainable development goals ahead of the G20 leader’s summit in New Delhi this September.

At the G20, the UK stressed the need to redouble global efforts to tackle the climate crisis and shocks facing the most vulnerable countries.

New UK programmes announced in India also include an investment of £10 million in the Avaana Fund, a women-led climate-tech fund that supports businesses to develop solutions to climate change and create jobs for women in sectors such as clean energy, energy storage and agriculture.

An investment of £12m from the UK government-supported Neev II fund will go to Nutrifresh, an agri-tech start-up enterprise focused on making agriculture more sustainable by growing vegetables in an environmentally friendly way.

Mitchell joined India and G20 partners in calling for reinvigorated efforts to meet the UN’s sustainable development goals.

Last Sunday (11), the minister visited the Chakr Innovation research lab in Gurugram, near Delhi, which is developing cutting-edge tech to tackle climate challenges. The UK-supported lab is now developing innovative batteries for e-vehicles that do not need charging infrastructure and are fully recyclable, providing a cleaner and safer alternative to older lithium tech.

The lab has previously developed devices that capture pollution-causing emissions and convert them to pigment for black inks and paints.

Targeted investments such as these help tackle climate change and support sustainable development, a statement said.

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UK household savings drop to lowest level in over a year as tax burden bites

The saving ratio dropped by 0.7 percentage points to 9.5 per cent, its lowest level in over a year

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UK household savings drop to lowest level in over a year as tax burden bites

Highlights

  • Household saving ratio drops to 9.5 per cent, lowest since mid-2024, as tax increases outpace income growth.
  • GDP growth confirmed at 0.1 per cent for July-September period, down from 0.2 per cent in previous quarter.
  • Britain's economic momentum fades after strong start to 2025, with zero growth expected in final quarter.

British households saved significantly less between July and September this year as higher taxes squeezed disposable incomes, forcing families to dip into savings to maintain spending levels, according to official data from the Office for National Statistics.

The saving ratio dropped by 0.7 percentage points to 9.5 per cent, its lowest level in over a year, as real household disposable incomes took a substantial hit from tax increases which outweighed income growth and inflation pressures.

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