What's News Special: Decoding the UK's Autumn Budget and its impact on climate and tech markets
Date:
Nov 2, 2024
1
Minute Read
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In this special episode, Brynne and Chris break down the UK’s recent autumn budget, discussing its significant implications for climate markets, innovation, and the startup ecosystem. They highlight the budget's historic increase in public spending and its substantial funding commitments to the clean energy transition, including investments in carbon capture, nuclear energy, and electric vehicle infrastructure. A key announcement is the launch of a £70 billion National Wealth Fund aimed at driving Net Zero technologies and attracting private-sector investment.
The co-hosts also address the tax changes introduced, such as increased capital gains and carried interest rates, as well as adjustments to national insurance contributions. They discuss the mixed reactions from entrepreneurs and investors, noting concerns about the UK's competitiveness in a global market where talent and capital are highly mobile. The episode concludes with a look at the broader strategic shifts in the UK government’s approach to fossil fuels and decarbonization, exploring how these changes might influence the future of climate innovation and economic growth in the country.
Listen to the episode here and subscribe
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