The UK Government has announced that it will remove tariffs for the manufacturing of 33 industrial goods used for offshore wind energy production from April 1.
The measure will enable British manufacturers to produce components at a reduced cost and allow reinvestment for clean energy sector growth. This investment in the UK's largest source of renewable energy is vital for addressing the climate crisis and building the UK's energy security. Offshore wind is 40 percent cheaper to produce and maintain than new gas projects according to the LCOE industry metric.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.