Britain’s families face paying hundreds of pounds more a year on food, flying and shipping costs to meet the net-zero emissions target by 2050, according to a new report. MailOnline has more.
The poorest tenth of households will pay an extra £80 each year by 2050 while the richest tenth will face a £400 annual bill to help sectors that currently have a low chance of hitting the Net Zero emissions target by this date.
The National Infrastructure Commission said the UK needs an industry to store the gases to help meet its pledge on carbon emissions – and taxpayers will have to spend up to £400million in the next decade to fund this.
However the executive agency added that the biggest polluting industries such as agriculture, shipping and aviation should make a £2billion-a-year contribution from 2030 – even if these costs are passed onto households.
The suggestion issued in a report provoked fury among consumer groups amid mounting concerns over how much Boris Johnson’s Net Zero commitments will end up costing hard-working families in the long run.
Among the organisations concerned about the costs involved is the TaxPayers’ Alliance, whose chief executive John O’Connell told MailOnline today: “The net zero target must not see working taxpayers landed with the bill.
“With the highest tax levels in 70 years, family finances are already strained and they cannot be expected to pay more for food, goods and travel. Ministers must promise to protect Brits from any green cost hikes.”
Worth reading in full.