Britain will set out plans on Thursday to boost its energy security and independence through investment in moving towards cleaner, more affordable energy sources
Wholesale gas and electricity prices in Europe surged after Russia's invasion of Ukraine last year and the British government has been subsidising household and business energy bills since October.
"To protect ourselves from future price spikes, we need to accelerate the move to cleaner, cheaper, home-grown energy." The opposition Labour Party and campaign groups criticised the plan for not including new money, and failing to set out a response to the U.S. $369 billion Inflation Reduction Act of green subsidies.
"What was billed with huge hype as the government’s 'green day' turns out to be a weak and feeble groundhog day of re-announcements, reheated policy, and no new investment," Labour Party climate and net zero spokesman Ed Miliband said. "This is a government out of ideas."
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