The Conservatives have sought to draw dividing lines with Labour over the economy although they insist they are still committed to net zero carbon emissions
Their rhetorical shift comes after the Torieslast month following a campaign which was dominated by debate over the expansion of London’s ultra-low emission zone.
In the letter to Mr Sunak co-ordinated by the UK Sustainable Investment and Finance Association, finance firms said: “We are writing to express concern at Government’s recent public statements and policy signals, which risk undermining the UK’s leadership in the clarity, certainty, and confidence of policymaking toward meeting the UK’s commitment to net zero.”
“As investors and financial institutions, we need confidence in the Government’s long-term commitment to this agenda to allow us and our investee companies to make multi-billion-pound investments in the UK’s sustainable economy of the future.” James Alexander, chief executive of the UK Sustainable Investment and Finance Association, said: “The global competition to capture billions of pounds of private investment in the clean industries of the future is intense. Ministers’ recent remarks are undermining investor confidence and putting the UK’s net zero head start at risk.”
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