Instant reaction to the Budget, Financial Times

The chancellor announced the creation of £2bn "green investment bank" to promote low-carbon energy as the nation seeks to cut emissions. The bank is meant to provide "a stimulus effect" to boost early construction of projects whose technology is still being developed.

Ben Caldecott, Climate Change Capital: "The proposed green investment bank could help to get important projects off the drawing board. However, as the cash for it is dependent on selling off strategic assets in difficult market conditions, it will take many months or even years before the fund is able to make a meaningful difference. Unfortunately, this simply doesn't fit with the urgency of the task at hand."

For the full FT article click here

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Instant reaction to the Budget, Financial Times