Rishi Sunak unveiled his spending plans in a Budget billed as paving the way to an ‘age of optimism’
The budget includes £3 billion to help the UK reach net zero and £11.1 billion for research and development and innovation projects
Sajid Javid said leaving the EU provides an opportunity for Britain to set ‘world leading’ environmental standards
Chancellor George Osborne’s Spending Review announced earlier this week has been welcomed by some in the energy sector but others feel he has taken a step back. The energy intensive industry described his announcement as “positive news” as it will be exempt from green taxes. Jeremy Nicholson, Director at the Energy Intensive Users Group told ELN: “It doesn’t […]
ELN talks to the energy industry to get their reaction following Chancellor George Osborne’s Spending Review announcement.
The cuts to DECC’s budget announced as part of the Spending Review yesterday “will make life difficult”. That’s according to Shadow Energy Minister Alan Whitehead. It follows Chancellor George Osborne cutting the budget by 22%. Mr Whitehead said: “There are some good signs in terms of the development of funding for district heating networks but overall [there are] a […]
ELN Editor Sumit Bose talks to Shadow Energy Minister Alan Whitehead about Chancellor George Osborne’s Spending Review and what it means for energy.
Chancellor George Osborne’s Spending Review has received mixed reactions from the energy industry. His announcement included replacing the Energy Company Obligation with a “cheaper” efficiency scheme, cutting DECC’s budget by 22%. Funding for the renewables and nuclear industry has also been increased and the government has pledged to back fracking. It has been labelled “nonsensical” by Greenpeace. Policy Director, Doug Parr […]
The UK Government has pledged to back both the fracking and renewable energy industry. Chancellor George Osborne made the announcement today as part of the Spending Review, which sets out his plans for the next four years. He said the goal is to invest in the long term economic infrastructure of the UK “and […]
The Department for Environment, Food & Rural Affairs (Defra) is to see its spending reduced by around 30% in the next four years. Chancellor George Osborne revealed Defra, along with three other government departments, have reached a provisional agreement with the Treasury over the budget cuts. Making the announcement yesterday, he said: “These savings will […]