Green Budget would kick start growth

19th March 2012

Some of the UK's largest businesses and green groups have called on the Chancellor to deliver on the Government's commitment to be "the greenest ever". In an open letter published in the run up to the Budget, it calls for a credible growth strategy that catalyses investment in renewables and energy efficiency, spurring the economic recovery. 

Peter Young, Chairman of the Aldersgate Group, said: "The Chancellor's view that businesses and jobs will be lost in the pursuit of green goals seems to signal a return to a 1980s view of the environmental performance of the economy as a net cost, and to row back from previous statements made by this Government. On the contrary, as this letter makes clear, good environmental performance is now a prerequisite for economic competitiveness and growth in a resource constrained world."

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