{"id":75708,"date":"2024-10-30T15:24:28","date_gmt":"2024-10-30T15:24:28","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=news&p=75708"},"modified":"2024-10-30T15:36:02","modified_gmt":"2024-10-30T15:36:02","slug":"response-to-autumn-budget-2024","status":"publish","type":"news","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/news\/response-to-autumn-budget-2024\/","title":{"rendered":"Response to Autumn Budget 2024"},"content":{"rendered":"\n

In response to the Autumn Budget 2024 Daisy Jameson, Policy Fellow at the Grantham Research Institute on Climate Change and the Environment, said: <\/strong><\/p>\n\n\n\n

“This Budget is ambitious, but still falls short of being a ‘Green Budget’. <\/p>\n\n\n\n

“Improvements to the fiscal rules are welcomed, despite the headroom being lower than expected. Encouragingly, the change will recognise financial assets taken on by the National Wealth Fund and other policy banks, allowing them to increase investment in infrastructure critical for green growth.<\/p>\n\n\n\n

“Freezing the rate of fuel duty and maintaining the 5p cut for another year shows a lack of long-term thinking about the role of the tax system in decarbonising the UK economy. At the same time, increases in air passenger duty, particularly on private jets, sends the right signal to consumers on the costs of their actions.  <\/p>\n\n\n\n

“We continue to see UK governments failing to commit the money we need for adaptation to the impacts of climate change that risks livelihoods and lives. The Government must strengthen and adequately fund their National Adaptation Plan.”  <\/p>\n\n","protected":false},"excerpt":{"rendered":"\n

Statement made in response to measures announced in the UK’s 2024 Autumn Budget statement which was delivered by Chancellor Rachel Reeves in the House of Commons.<\/p>\n\n","protected":false},"author":12,"featured_media":75715,"template":"","tags":[4630,1663,99,426,2310,4826,437,106],"news-category":[15],"topic_area":[4783,4694,4696],"class_list":["post-75708","news","type-news","status-publish","has-post-thumbnail","hentry","tag-air-passenger-duty","tag-fuel-duty","tag-green-growth","tag-infrastructure","tag-national-adaptation-plan","tag-national-wealth-fund","tag-uk","tag-uk-policy","news-category-10-press-releases","topic_area-uk-adaptation-policy","topic_area-policy-evaluation","topic_area-uk-emissions-policy"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"show_translations_widget":{"ref_value":"field_6203d588c41e8","value":"0","type":false,"post_type":""},"downloads":{"ref_value":"field_52f16cc1a80f2","value":false,"type":"repeater","post_type":""},"rss_newsletter":{"ref_value":"field_54f5c2c1544d8","value":"","type":false,"post_type":""},"profile_link":{"ref_value":"field_52f164b5189e9","value":["response-to-autumn-budget-2024"],"type":"relationship","post_type":""},"spotlight":{"ref_value":"field_52f80896506d3","value":"","type":false,"post_type":""}},"yoast_head":"\nResponse to Autumn Budget 2024 - 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