One of the biggest secrets of the current UK recession is that there is one sector which is booming. Strangely this sector is often perceived as at odds with economic growth, holding back industry and a luxury we can't afford with the nation's finances in a slump. This booming growth sector is the green economy.
Today's Budget will prompt much debate in the weeks ahead about misplaced priorities, missed opportunities and the larger question of whose interests this Budget really serves. But from my perspective, the Chancellor has failed to put the green economy where it should be - firmly at the centre of a plan for growth.
The Chancellor should have built upon the solid 1.2% second quarter growth he inherited from Labour last year. Instead he is cutting too far and too fast - hitting families, costing jobs and making it much harder to get the deficit down. We're already borrowing £46 billion more than was expected this year.