Pre-election Budget ‘missed opportunity to decarbonise industry’

Chancellor of the Exchequer Jeremy Hunt yesterday announced the 2024 Spring Budget.  

The ADE’s Industrial Energy Policy Officer, Oz Russell, said:

“We commend the focus on connections reform in this budget given its centrality to increasing growth and decarbonising industry. 

“However, with an election around the corner and a report published this week using the International Energy Agency’s (IEA) figures that shows the UK is spending the least among the top five major European economies on low-carbon energy policy, this budget represents a missed opportunity to provide much-needed support to industry on issues like electrification and decarbonisation infrastructure outside of the industrial clusters.”  

The ADE team are available for further comment and interview – please email external.affairs@theade.co.uk if this is of interest.