The CBI has called on the chancellor to set out a clear net zero emissions investment plan in the Budget to give companies an incentive to spend money on the green transition.
In a letter to Jeremy Hunt ahead of the Budget on 6 March, the CBI has demanded that the Treasury highlights gaps in green spending throughout the economy as part of a wide-ranging investment plan to ensure that Britain meets its legally binding commitment to reduce emissions.
The letter comes after the Labour Party officially walked away from its flagship £28bn green investment fund plan.
The CBI added that the Treasury should include a business’s leased assets in its capital allowances tax breaks and should expand the scope of its research and development tax credits scheme.
