UK Conservatives Claim Net Zero Rollback Could Save Families £540 a Year
The Conservatives have said that households could save about £540 a year after 2030 if net zero regulations are scrapped, with a commitment to make energy as cheap as possible. A report published by centre-right think tank Onward and backed by the Tories said the cost of net zero came to an extra £540 per household a year between 2030 and 2050. The headline figure per household is a total divided…
The UK Conservatives claim that if net zero regulations are abandoned, households could save approximately £540 per year after 2030. Centre-right think tank Onward, which backs the Tories, released a report that contends the cost of net zero regulation is about £540 per household annually between 2030 and 2050. This figure is an average across all bill payers, not an estimate of the amount any individual household would save.
The report estimates that an all-encompassing commitment to net zero by 2050 would cost the UK roughly £320 billion over the next two decades, which would be distributed across approximately 29 million households. The savings, according to Onward's modelling, could amount to around £200 per year by 2035 for an average household, and increase to £290 if additional measures such as incorporating other energy costs into general taxation are implemented.
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