Chancellor of the Exchequer Rishi Sunak committed to “building back greener” in today’s Autumn Budget and Spending Review, confirming the Government will have allocated £30bn to the UK’s ‘green industrial revolution’ since March 2021.
Today's commitment follows the Government's vow to ‘build back better' in the wake of the Coronavirus pandemic, with a Ten Point Plan published in November 2020 to kick off the green industrial revolution. The Net Zero Strategy, announced by the Government last week, confirmed £26bn of public capital investment since the Ten Point Plan. Green commitments highlighted by Sunak in today's Budget include: £817m over the Spending Review period for the electrification of UK vehicles and their supply chains and £620m of new investment over the next three years to support the transition ...
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