Budget 2024

From fuel duty freezes to new nuclear funding, BusinessGreen tracks all the green tax and spend announcements from the government's first Budget

The Budget contained some significant risks, but it should help unlock the green investment the UK economy is crying out for

Budget documents confirm levy on carbon intensive imports to come into effect from 1 January 2027 as originally proposed

Historic Budget hikes taxes on businesses, private jets, and oil and gas firms, as Chancellor promises to invest to 'rebuild Britain'

Chancellor tipped to boost clean energy infrastructure investment and formally instruct the Bank of England to prioritise climate action, as government signals it intends to strengthen UK net zero plans

But plans to lift national cap on bus fares from £2 to £3 slammed by green groups for potentially encouraging more polluting cars on UK roads

Major new report from Cambridge and the LSE on how to catalyse green infrastructure investment comes amid reports Rachel Reeves could relax fiscal rules to unlock more clean energy spending

Reports suggest Rachel Reeves could increase fuel duty, as Tory MPs urge government not to cut budget for nature friendly farming schemes

Office for Budgetary Responsibility warns climate change and an ageing population are set to deal further blows to the UK's already dire public finances

Rachel Reeves warns of 'difficult decisions', as she confirms government response to dire fiscal inheritance will seek to save billions from departmental budgets and winter fuel payments