Rexel asserts ‘green and growth’ should go hand in hand following Autumn Statement

As anticipated, the Statement saw Chancellor George Osborne reveal that the DECC budget will be cut by 22 per cent over the next four years, while DEFRA’s ‘day-to-day spending’ will fall by 15 per cent, as part of a deficit reduction drive.

Later in his speech, the Chancellor pledged to double spending on energy research and support for renewables. However, the Renewable Heating Incentives Scheme, which provides financial incentives to suppliers of renewable heat, will see its funding cut by £700m.

Steve Everard at Rexel UK comments: ‘Although the green cuts aren’t as great as initially feared, it is still disappointing to see the Government pull back on investment in energy policy and propelling a low carbon economy.

‘While we, of course, recognise that there are other social and economic concerns which must be addressed, as Osborne noted in the Statement ‘there is no more important infrastructure than energy’; it is the only way forward if we are to lessen our reliance on foreign oil suppliers, take control of our energy needs and safeguard our future.’

For more information please visit http://www.rexelenergysolutions.co.uk.

 

You May Also Like

Electricians’ register tops 100,000 users

Electricians’ register tops 100,000 users More than 100,000 people have now visited Registered Competent ...

Knightsbridge to Continue Charity Drive in 2020

Knightsbridge has kickstarted the new decade with a £7,714 donation to Shelter, the housing ...

Aico RadioLink wire free alarm interconnection system upgraded

Aico RadioLink wire free alarm interconnection system upgraded Aico has announced that its RadioLink ...