A new rift erupted between Boris Johnson and Rishi Sunak last night over the billion-green fund madness.
Treasury officials reportedly accused the PM of âeconomic illiteracyâ.
A series of business warnings last month appeared to highlight huge economic risks associated with going green.
They echo a Net Zero official interim review last year, which warned that it would “have implications for the competitiveness of the economy.”
He said some sectors would benefit from “new export opportunities” but others could “become less competitive if other countries follow different decarbonization paths”.
The PM’s Net Zero review and the buildings and heating strategy are expected this week.
Gas boilers are to be banned from 2035, and Britons will be able to get up to Â£ 7,000 in government grants to buy an environmentally friendly alternative such as a heat pump.
Last night, PoliticsHome revealed that every sector of the UK economy is on track to achieve specific carbon emission reduction targets for 2035.
It comes as the Prime Minister tries to rally other countries to go green as his COP26 summit in Glasgow.
The Treasury said last night: âThe government is committed to tackling climate change and the Prime Minister has set out an ambitious ten-point plan to help us get there.
âThe Treasury plays a crucial role in allocating Â£ 12 billion to finance it, creating the UK Infrastructure Bank to invest in Net zero, and pledging to raise Â£ 15bn through our Green Gilt for zero emission buses, offshore wind turbines and home decarbonization programs. “
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