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UK Considers Cuts to Home Energy-Efficiency Plan to Fund Defense
Source: Bloomberg
Fiscal Policy & BudgetInfrastructure & DefenseESG & Climate PolicyRenewable Energy Transition
The UK is considering cuts to its flagship home-upgrade program while seeking more than £2 billion ($2.6 billion) of energy-department savings to fund higher defense spending. The potential reallocation would weaken support for residential energy efficiency and could create headwinds for the UK’s climate-transition and home-retrofit sectors.
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