Good evening. On a day of Significant Developments for the enviroment and the economy, im in plymouth as we continue to report from different parts of the uk on stories that impact all of us. Tonight the focus is very much on the major changes to the governments green policies announced by the Prime Minister. Rishi sunak said the present approach would impose unacceptable costs on hard pressed families. But the decision has been criticised by some politicians and businesses. The Prime Minister has decided the ban on the sale of new petrol and diesel cars in the uk will be pushed back from 2030 to 2035. He said there will be far more time to transition from gas boilers to heat pumps and that the Boiler Upgrade Scheme Grants will increase from £5,000 to £7,500, with a new exemption for people in the poorest households, so they never have to switch at all. But rishi sunak said he remains committed to the target of net zero by 2050 thats when the uk would no longer be adding to the total
It seems like Rishi Sunak isn’t the only one getting cold feet over net zero. Car insurers are the latest sector to back away from electric vehicles (EVs), after the industry decided that underwriters don’t have the knowledge to insure the new models, often fitted with expensive upgrades.
The Tesla billionaire is among the prominent businesspeople who Rishi Sunak’s administration will invite to the Global Investment Summit, which has been scheduled for 29 November, Sky News understands.