UK net zero transition to cost £1 trillion, chancellor claims
The UK’s transition towards a net zero economy will cost the country more than £1 trillion, 40% more than the Committee on Climate Change has suggested, HM Treasury has claimed.
Articles tagged with: Treasury
Minister signals shift away from electric vehicle 'buyer subsidy' to lower costs
Recent cuts to the grants available for the purchase of electric vehicles are intended to move the sector away from “buyer subsidy”, according to energy and clean growth minister Claire Perry.
MPs join industry in calls for fiscal incentives for electric vehicles to be brought forward
A cross-party group of MPs has piled pressure onto the government to use next week’s budget to implement greater tax incentives for electric vehicles just days after lobbyists for the automotive and green sectors did the same.