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Low investment is one of the main causes of the UK’s dismal productivity and the stagnation in real incomes since 2010-11. [...] While the UK has made good progress on decarbonisation, the dividends of the UK’s early investment in renewables are beginning to run out, and the UK now requires a new wave of investment in clean heating, transport, nature restoration and heavy industry. [...] Even with pro-investment fiscal rules, the bulk of the £50 billion a year the Climate Change Committee estimates is needed by the end of the decade will still come from the private sector. [...] These actions should be: The government responded to the failure of the most recent contracts for difference (CfD) auction to attract offshore wind projects by increasing the strike price for the coming round 6 by 66 per cent for offshore wind and 52 per cent for floating offshore. [...] The government should set up an independent commission to assess the looming fiscal challenges presented by falling fuel duty revenues and design an equitable road pricing scheme to limit the financial loss to the Exchequer.