What the UK Budget means for green growth

Quick Summary:

It allows the government to include financial assets such as student loans in its calculations of its net debt position — an approach that will make that number look healthier.

How exactly to book the cost of wind turbines and transmission lines built with state support will matter, as the government races to reduce the supply of electricity that still comes from fossil fuels, even as electric vehicles and data centres raise power demand.

HM Treasury did not respond to a request for comment on why the government did not include non-financial assets in the rule change, or how it would classify assets as financial.

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Article Details

Author / Journalist: Lee Harris

Category: MarketsFinanceInvesting

Markets: United StatesAzerbaijanColombiaSpain

Topics: Energy Change Rule Investment Reeves Debt Financial Green Assets Climate Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 12:01:43 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1194 words

Reading Time: 7 minutes read

Sentences: 51 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23364417

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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