THE Institute of Future Cities at UK’s University of Strathclyde signed agreements with the University of Calcutta; the department of environment, Government of West Bengal; and Bengal Chamber of Commerce and Industry (BCC&I) at the Bengal Global Business Summit last week to look at the opportunities and challenges created by urban living.
Together the partners will identify barriers and solutions to sustainable economic growth; resilience of critical urban systems and infrastructure; environmental sustainability; and health, wellbeing and quality of life for the citizens of Kolkata and West Bengal, University of Strathclyde said in a release.
The five-year agreements will see the exchange of ideas, data and expertise and the creation of joint funding bids for research and consultancy, scholarships, a joint masters programme, joint workshops and conferences and reciprocal visits.
In the first year of the agreement the partners will work together to create projects on the development of low-carbon energy for Kolkata, strategies for future city development, optimisation of urban systems such as transport and health, and pollution and noise reduction. Improving air quality has been identified by the partners as a key priority.
Strathclyde’s work in Kolkata is financed jointly by the Scottish government and the UK government’s global challenges research fund.
Cities are home to an ever-growing proportion of the world’s population, putting pressure on transport infrastructure, the environment and quality of life.
Kolkata, with more than 14 million citizens, is the third-most populous urban area in India after Delhi and Mumbai and is among the largest and most populous cities on Earth.
Reeves has said repeatedly that she is committed to 'economic responsibility' and will maintain her fiscal rules, including her main goal of balancing day-to-day public spending with tax revenues by 2030. (Photo: Getty Images)
Reeves says both tax rises and spending cuts are being considered for the Nov 26 budget
Economic analysts estimate a potential £30 billion gap to be filled through tax measures
Government borrowing costs have risen and welfare spending cuts have been dropped
Growth forecasts are expected to be revised downwards
CHANCELLOR Rachel Reeves has said she is looking at both tax increases and spending cuts for the upcoming budget on November 26, confirming expectations that she will take steps to balance the country’s finances.
Economic analysts estimate that Reeves may need to raise about £30 billion through tax measures, after government borrowing costs rose more than anticipated and plans to reduce welfare spending were dropped. Growth forecasts are also expected to be revised downward.
“Challenges are being thrown our way... I won't duck those challenges,” Reeves told Sky News on Wednesday.
“Of course, we're looking at tax and spending as well, but the numbers will always add up with me as chancellor.”
Reeves has said repeatedly that she is committed to “economic responsibility” and will maintain her fiscal rules, including her main goal of balancing day-to-day public spending with tax revenues by 2030.
Before the general election in July 2024, Labour had pledged not to raise value added tax (VAT), national insurance contributions, or the rates of income tax. However, there has been increasing speculation that those commitments could be reconsidered as the government works to meet its fiscal targets.
The chancellor’s comments come as the Treasury prepares for what is expected to be a closely watched budget statement outlining the government’s next economic steps.
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