A new rift erupted between Boris Johnson and Rishi Sunak last night over the billion-green fund madness.

Leaked documents have been revealed to companies that that of the chancellor the team warned that taxes may have to increase under the prime minister Net zero plans.

New rift has broken out between Rishi Sunak and Boris Johnson over billion green fund madnessCredit: Alamy

Treasury officials reportedly accused the PM of “economic illiteracy”.

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 chancellor will lose around £ 20 billion a year in fuel tax to the Treasury coffers as the British move to electric car, and should largely introduce new green road taxes to replace it.

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 £ 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: “The government is committed to tackling climate change and the Prime Minister has set out an ambitious ten-point plan to help us get there.

“The Treasury plays a crucial role in allocating £ 12 billion to finance it, creating the UK Infrastructure Bank to invest in Net zero, and pledging to raise £ 15bn through our Green Gilt for zero emission buses, offshore wind turbines and home decarbonization programs. “

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Boris Johnson’s Net Zero review and buildings and heating strategy are due this weekCredit: Alamy

A brief overview of why we have COP26 and what its goals are

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