06 March 2024

Press Release

For immediate release

WWF calls out 'missed opportunity' in Government's Spring Budget

Commenting on the 2024 Spring Budget, Angela Francis, Director of Policy Solutions at WWF said:

“This budget is yet another missed opportunity to tackle the cost-of-living crisis and climate crisis.

“We know that importing polluting oil and gas is pushing up household bills and damaging the planet. Despite extending the windfall tax, government has done nothing to close the loopholes in it that give oil and gas giants huge tax write-offs. 

“This is money which could be used to insulate homes, so families don’t have to choose between heating and eating, and to turbocharge cheap, clean British energy that will prevent us being hit by price spikes in the future. 

“Choosing to prioritise the profits of fossil fuel companies, could cost us over £10bn a year and break the promise to phase out oil and gas subsidies the government made at COP28. 

“If the Government is serious about creating more opportunity and more prosperity for the UK then it must invest in clean, cheap British energy which will reduce bills, grow our economy, and protect the planet.” 

ENDS