Leaked documents obtained by the Observer reveal deep concerns within the Treasury about the economic cost of moving towards a zero-carbon economy. The Chancellor is worried that additional costs from green initiatives would push companies to move production elsewhere.
As Johnson prepares to position the U.K. at the head of global efforts to combat climate change and curb greenhouse gas emissions as host of the Glasgow COP26 meeting, the documents show the Treasury is warning of serious economic damage to the U.K. economy and future tax rises if the U.K. overspends on, or misdirects, green investment.
Green experts said the “half-baked” and “one-sided” Treasury net-zero review presented only the costs of action on emissions, rather than the benefits, such as green jobs, lower energy bills and avoiding the disastrous impact of global heating. They said the review could be “weaponised” by climate-change deniers around the world before COP26, undermining Johnson’s attempts at climate leadership on the global stage.
The internal Treasury documents say that while there may be economic benefits to U.K. companies from swift and appropriate climate action, there is also a danger that economic activity could move abroad if firms found their costs were increasing by more than those of their overseas competitors.
The leaked papers are understood to have been produced to accompany a slide show given confidentially to key groups outside Government in the last month. The documents state: “The investment required to decarbonise the U.K. economy is uncertain but could help to improve the U.K.’s relatively low investment levels and increase productivity.
“However, more green investment is likely to attract diminishing returns, reducing the positive impact of ever more investment on GDP. Some green investments could displace other, more productive, investment opportunities. If more productive investments are made earlier in the transition, this risk may be accentuated later in the transition.”
On the risk of additional costs to companies from green initiatives, the documents say: “Climate action in the U.K. can lead to economic activity moving abroad if it directly leads to costs increasing, and it is more profitable to produce in countries with less stringent climate policies.”
On the fiscal implications, the documents say the cost of moving towards net zero could mean tax rises because of “the erosion of tax revenue from fossil fuel-related activity”. They say: “The Government may need to consider changes to existing taxes and new sources of revenue throughout the transition in order to deliver net zero sustainably, and consistently with the government’s fiscal principles.”
Worth reading in full.
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We will see if that headline is right. Meanwhile, never heard of Nigel Farage?
Bad Enoch is not the future.
Totally agree. She is a WEF acolyte. Same old.
From Churchill to the Chump….the UK’s decline in one anaolgy.
I wonder what Winnie would make of her?
She was 100% full-on fascist for the Rona totalitarian project. All I need to know.
Try to make your point based on the politics, without resorting to silly comments about her appearance or ancestry. Remember Margaret Thatcher’s words:
“I always cheer up immensely if an attack is particularly wounding because I think, well, if they attack one personally, it means they have not a single political argument left.”
Try to refrain from stifling FREEDOM OF SPEECH & THOUGHT.
Remember that Margaret Thatcher was an INDIGENOUS ENGLISHWOMAN whose ancestors have lived in these islands for more than a thousand years. And as a PROTESTANT, she was legally entitled to hold the post of UK Prime Minister, which the awkward, ungainly, graceless, ugly, dishonest Nigerian Catholic gap-toothed woman who dangles her arms like a wrestler is NOT.
Remember also that nobody in Nigeria would ever accept a BLOND SWEDISH WOMAN to represent the Nigerian People as their National Leader.
Remember also that nobody in Israel would ever accept a Nigerian Catholic Woman as their National Leader, and neither would anybody in China, India, Pakistan or Saudi Arabia.
Now clear off, you Pompous Git.
Sometimes politicians just manage to say the words they think we want to hear but that is usually as far as it goes.
I cannot share Dr McGrogan’s optimism.
Sometimes politicians in the cabinet are required to publicly “toe the line” under the pressure of “collective cabinet responsibility”, even if they privately disagree. Sometime backbench MPs are required to publicly “toe the line” of their party whips, even if they privately disagree. At times of cabinet or shadow cabinet reshuffles, everybody can re-organise their strategy. I cut her some slack despite some past utterances which are now embarrassing.
That argument washes up to a point. Supporting “covid” folly and evil goes well beyond what I deem acceptable. Utterances and actions were more than embarrassing. She voted to force people to get injected with experimental, poorly tested and unnecessary drugs, and told pregnant women to get vaxxed. There’s no coming back from that, for me.
Plus supporting all the Woke stuff she now proclaims to be against, but maybe I’m too harsh and she changed her mind. But, as you say, the vaccine fascism is on another level.
Some of her other political positions seem OK and may be genuine, but I don’t think she’s fit for high office for the reasons you so succinctly state.
The Covid vaccine is safe for pregnant women and their babies
Kemi Badenoch
The Covid vaccine is safe for pregnant women and their babies
Social media giants have failed to stop the spread of fake news and scare stories that put people at risk
That was in the past, nobody’s infallible (apart from a few people who post here on the Daily Sceptic, apparently), she’s now a fan of Ron DeSantis.
Reply removed, or I didn’t press “post”….
I will try again
I don’t care who she is a fan of
We are not infallible here but we didn’t push poorly tested medical products onto people that they didn’t need, using state propaganda and billions of taxpayer pounds
In the past – a past she has not repudiated
She should have known that the jab had never been properly tested for pregnant women. That women are ALWAYS advised not to take drugs during pregnancy. And, certainly when you’re not a medical specialist, it’s best not to promote an experimental product with NO medium to long-term safety data.
Ignorance is no excuse.
And that also goes for that blonde woman on Five Live who was pushing them, forgot het name.
Oh really!
https://www.youtube.com/watch?v=xUj8UUyV6I0&t=344s
I read below that she endorsed the witches brew for pregnant mothers. There can only be a few reasons why she would’ve said this and none of them are pleasant given her position. I don’t know anything about her so perhaps she was qualified to say this but it would always be grossly irresponsible for a politician to say this. At best you could say ‘according to clinical trials there is no risk to pregnant women’ but of course we know that no such data exists and plenty of data to suggest the contrary exists. This leaves a bitter taste in my mouth. Her words might’ve resulted in death or injury and she would at least have known this given that she would be aware of the extent of her ignorance.
Might have? There is significant evidence of increased miscarriages amongst women who had recently been jabbed.
Well see it’s easy for opposition parties to pretend to us that they will be true and speak the truth. Let’s see how she reacts to leftist media attacks. If she is made of stern stuff then she will simply crush them with more truth.
Will she say thatnislam is an existential threat tonour people? Will she says she will stop immigration? Will she say that women do not have Denise’s? Will she crush transgender bullshine?
Will she continue to promote Nigerian issues?
If I give a medicine to a family member and they ask me if it is safe I always say I don’t know. This is crazy recommending the most destructive technology in the history of humanity to pregnant women.
Kemi Badenoch has been on board with the entire globalist agenda all the time she was in the government. She’s a protégé of Michael Gove. As business secretary she agreed to closing Britain’s coal fired blast furnaces which made virgin steel. We can now only make poor quality steel from scrap metal using electric furnaces. She thought this was all a good thing as it was part of the Net Zero agenda.
The Conservative government she was part of was trying to pay farmers to rewild all or part of their land as part of the Net Zero plan to end farming. The Labour government is just speeding up the process the Conservatives continued from the Blair Brown era.
Once fields have gone through Rewilding, they are useless for food for a very long time.
I like her rhetoric, however after the evidence of years of Conservative government, I am
not positive she will deliver. The appointments of some of the usual suspects in her shadow cabinet is of concern.
Furthermore, she may be able to split the ‘freedom’ vote again and we may be landed with a second Labour term as a consequence, unless there is some change in the electoral system.
I really would like to share your optimism.
I would like to go back to the freedom to make my own decisions and the ability to try and plan my future.
https://dailysceptic.org/2024/11/05/kemi-badenoch-is-that-rare-thing-a-politician-willing-to-speak-the-truth-whatever-the-cost/#comment-990721
If you half close your eyes, you’ll see the strings.
So she says “The time has come to tell the truth. “
So I look forward to her telling the King, the WEF, the BBC, the rest of the Establishment, the EU, her fellow MPs, the members of the House of Frauds …. and most importantly, the British people …..that Net Zero is a massive scam. That it has nothing whatsoever to do with the climate and everything to do with transfer of wealth.
That they are expected to have a lower standard of living …. become colder, poorer and have restricted lives ….. so that the Globalists can enrich themselves.
As the UN has admitted.
https://www.climatedepot.com/2017/05/24/global-warming-is-not-about-the-science-un-admits-climate-change-policy-is-about-how-we-redistribute-the-worlds-wealth/
Dr. McGrogan is that rare thing: a lawyer kneeling before a liar.
So the Ethnic African Nigerian woman who constantly plays the race card about being oppressed by white men, chose to marry a white man, was elevated to high office by white men, and now pretends to be a spokeswoman for white people in a country and culture totally alien to her own ancestral homeland.
Now, when is Netanyahu going to step aside to let an Ethnic African Catholic woman be the Leader of Israel? How would that go down with the Israelis, do you think?
At least they stand up for their own people and their own culture, and are not so feeble as to lie down like doormats before Third World Invaders.
I can’t believe that Dr David McGrogan is being so utterly naive to believe one word this lady says.
Only one question from me, does she have any ties with the WEF…..?
Not sure about that but she has lots of family back home in Nigeria that have some money that they would like to send to your bank account….
I’ll vote for her then…!