Labour claims that the UK is failing to compete in the global race to develop green technologies, citing the ambitious American subsidies for electric vehicles and green supply chains.
Why it matters
The UK's ability to compete in the global race for green technologies is significant as it impacts the country's economic growth, job creation, and environmental sustainability. The response of the UK government, as outlined in the Autumn Statement, will determine its position in this race and its ability to attract investment and build supply chains.
What the papers say
The Times highlights Labour's criticism of the UK government's response to American subsidies and the need for the UK to be in the race for investment and supply chains. BBC News focuses on Chancellor Jeremy Hunt's plan to offer up to £10,000 off energy bills for households living near new pylons and electricity substations. The Independent highlights the concerns of fuel poverty campaigners who argue that the subsidy would benefit wealthy individuals while others struggle with high energy bills.
How we got here
The global race to develop green technologies has intensified with ambitious subsidies in the US and the EU. The UK government is facing pressure to respond and ensure its competitiveness in this sector.
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Jeremy Richard Streynsham Hunt is a British politician serving as Member of Parliament for South West Surrey since 2005. A member of the Conservative Party, he served in the Cabinet from 2010 to 2019, most recently as Foreign Secretary from 2018 to 2019.
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northwestern coast of the European mainland.