'Tinkering around the edges': The green economy reacts to Spring Budget 2024

BusinessGreen rounds up

BusinessGreen staff
clock • 10 min read

Chancellor Jeremy Hunt's latest Budget may have been headlined by fuel duty freezes and cuts to National Insurance, but it contained a number of significant green measures, including confirmation of a deal to acquire the Wylfa nuclear site, new clean tech R&D funding, and a hike in Air Passenger Duty for non-economy tickets.

Documents released alongside the Budget this afternoon also confirmed new plans to streamline grid consenting, enhance ESG reporting, and boost the budget for the next clean power contract auction. Spring Budget 24: Hunt abolishes the non-dom tax status However, the general consensus across the green economy was that what could prove to be the last major fiscal event before a General Election represented something of a missed opportunity. Commentators had hoped for further investment in the energy transition and support to upgrade homes and buildings, but instead lamented a raft of...

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