Firms will hesitate to invest in UK after Sunak’s climate U-turns, says Mark Carney

7 months ago 32

Former Bank of England governor says businesses prioritise countries with clean power and consistent strategies

Rishi Sunak watering down the UK’s climate commitments has damaged Britain’s position on the world stage for business investment, according to the former Bank of England governor Mark Carney.

In highly critical comments, Carney indicated that global companies would now think twice about locating their activities in the UK after Sunak pushed back key net zero deadlines and sanctioned new oil and gas drilling.

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