May Ramming Through Trillion Pound Climate Change Plan With No Proper Costings

Guido Fawkes
Not content with just banning porn and plastic straws, Theresa May has decided to add a £1 trillion – that’s £1,000,000,000,000 – economic black hole to her “legacy” with her new policy to force the UK to have ‘net zero’ emissions by 2050. Philip Hammond has already warned that the cost “is likely to be well in excess of a trillion pounds”. Blows the row over tax cuts into insignificance…
The problem is that no-one has any idea how much it is actually going to cost. The Climate Change Committee (CCC), chaired by scandal-ridden Lord Deben, has put out a figure of £50 billion every year. BEIS’ preliminary estimate puts the cost a full 40% higher at £70 billion per year – these are just back of the envelope calculations. The Treasury wants to do a formal review of the costs but this will take months, not days. The fact that an outgoing Prime Minister is trying to bind the country with a commitment this vast without even doing a proper costing first is the height of irresponsibility…  "