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Green response to spending review
20 October 2010
Responding to today's Comprehensive Spending Review, Friends of the Earth's Executive Director Andy Atkins said:
"The Chancellor's pledge for £200million to support low-carbon technologies and a new bank to help green industries get off the ground is good news - as is his clear commitment that it will be a bank not a mere fund - but it will need significantly more than the £1billion allocated to be effective.
"Slashing energy efficiency grants to some of the UK's most vulnerable people will send a chill into many homes, while cutting £300million on buses will have a devastating impact on services that the poorest people rely on most.
"We're pleased that the immediate threat to feed-in tariffs and the Renewable Heat Incentive has been fought off, but the Government must now work hard to mend investor confidence."
ENDS
Notes to editors
- Friends of the Earth economy campaigners have published a green analysis of the Comprehensive Spending Review.
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Published by Friends of the Earth Trust
Last modified: Oct 2010
