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Budget/FB: Environment

Mark Schofield and Harry Manisty PricewaterhouseCoopers LLP (PwC) examine the Carbon and Fiscal Budget measures relating to climate change
With pressure on the UK's public finances the Government recognises the imminent need for resolute and visionary leadership and partly riding on Gordon Brown's leadership role in the global response to the banking crisis the 2009 Budget contains many references to the theme. The environmental section of the Budget Report starts by informing the reader that the 'UK has led the world in taking a strategic and long-term approach to the problem of climate change' and the announcement of the first three Carbon Budgets alongside the Fiscal Budget provides an excellent context for the Government to claim it is seizing the initiative and leading the UK towards a sustainable ...

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