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Cleverly: We can grow our economy without killing net zero

Cleverly: We can grow our economy without killing net zero

Telegraph2 days ago

The Conservatives must not turn their back on protecting the environment, Sir James Cleverly will argue in an apparent split from Kemi Badenoch's approach to green policy.
In a speech on the importance of the green agenda, Sir James will say it is wrong to choose between economic growth and mitigating climate change.
The former foreign secretary narrowly lost the last Tory leadership race to Mrs Badneoch last year, and some MPs believe he would run again if there were another contest.
In one of her first policy positions in the role, Mrs Badenoch dropped support for the country reaching net zero emissions by 2050, because she said she believed it 'impossible' to achieve.
Sir James will use a speech at the pro-green Conservative Environment Network (CEN) on Wednesday to argue that it was essential that the party did not give up on the climate agenda.
The former leadership contender, from the moderate wing of the party, will call for the Tories to reject 'both the luddite Left and the luddite Right' on green policy.
Sir James will say: 'Conservative environmentalism doesn't mean a choice between growth and sustainability. It means creating policies that unlock the potential of new industries while ensuring that we protect the environment.
'It's about finding practical solutions to achieve long-term growth without sacrificing our environmental obligations.'
The former Cabinet minister will add: 'The idea that we must choose between a strong economy and protecting our environment is outdated. The future I believe in is one where these two aims go hand in hand, driving innovation and opportunity.'
His remarks represent a stark contrast to Mrs Badenoch's pitch in March, in which she declared: 'Net zero by 2050 is impossible.
'I don't say that with pleasure. Or because I have some ideological desire to dismantle it – in fact, we must do what we can to improve our natural world.
'I say it because anyone who has done any serious analysis knows it can't be achieved without a serious drop in our living standards or by bankrupting us.'
It marked a departure from the past decade of Tory green energy policy after successive prime ministers backed legally binding targets. The 2050 target was signed into law by Theresa May in 2019.
In a draft speech for the annual Sam Baker Memorial Lecture, seen by The Telegraph, Sir James at no point refers to Mrs Badenoch by name, nor specifically cites the net zero 2050 target.
But the substance of his remarks casts him as a pro-green Conservative politician, as he says that the UK 'must push further, faster, and smarter' on green technology.
The former foreign secretary will say: 'Conservative governments have made remarkable strides in offshore wind energy.
'Our ambitious policies have driven investment, positioning the UK as a global clean energy superpower. This is not just about installing turbines; it's a strategic vision linking energy policy with our economic and national security priorities.'
He will add: 'We are caught between two tribes of Neo-Luddites: The negative Right, claiming that the way things are now is just fine, [that] concerns about emissions, habitat loss, and falling yields are scaremongering.
'Their motto: all change, even for the better, is a bad idea. And the negative Left, suspicious of technology. Believing things were better before the car, the internal combustion engine, before the steam engine, before the wheel.
'The 'let's not move forward' tribe is in a bidding war with the 'let's move backwards' tribe. They're both wrong.'
The comments will be seen as an attack on both Labour and Reform UK, with Nigel Farage having pledged to scrap net zero subsidies.
The CEN said that Mrs Badenoch made a 'mistake' by dropping the net zero 2050 target. Reacting to her speech in March, the think tank said that her speech 'undermines the significant environmental legacy of successive Conservative governments who provided the outline of a credible plan for tackling climate change'.
'Never say never again'
Sir James has kept a relatively low profile since losing out to Mrs Badenoch in the party leadership contest last year and heading to the party's backbenches.
After a particularly successful Conservative Party Conference in October, he shot to the top of the MPs' ballot before unexpectedly crashing out in the final round of MP voting.
A blame game ensued, with some claiming that Grant Shapps, the head of Sir James's campaign, got his numbers wrong and too many MPs engaged in tactical voting for other candidates.
But in a GB News interview in April, he did not rule out another leadership tilt, adding: 'I just say, never say never again.'
After Mrs Badenoch took over from Rishi Sunak last November, the Tories briefly enjoyed a small poll lead over Labour and were in first place on 29 per cent.
But a haemorrhaging of support to Reform UK since has been blamed for the party's dwindling fortunes, with the Tories coming fourth behind them, Labour and the Liberal Democrats in a recent poll.
The Tory leader's supporters say that another leadership election could damage the party even further and cause a further slip in support.

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Badenoch ‘will get better', says Stride as Tories' polling woes continue
Badenoch ‘will get better', says Stride as Tories' polling woes continue

Rhyl Journal

time32 minutes ago

  • Rhyl Journal

Badenoch ‘will get better', says Stride as Tories' polling woes continue

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Business live blog, Thursday June 5 — as it happened
Business live blog, Thursday June 5 — as it happened

Times

time44 minutes ago

  • Times

Business live blog, Thursday June 5 — as it happened

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Economic growth rises by 'unusual' 9.7%, driven by exports ahead of Trump tariffs
Economic growth rises by 'unusual' 9.7%, driven by exports ahead of Trump tariffs

BreakingNews.ie

timean hour ago

  • BreakingNews.ie

Economic growth rises by 'unusual' 9.7%, driven by exports ahead of Trump tariffs

Economic growth surged by 9.7 per cent in the first three months of this year as tech and pharmaceutical exports to the US increased ahead of tariffs brought in by US president Donald Trump. The significant growth in Gross Domestic Product (GDP) in the first quarter of this year was driven by increased exports, particularly in the tech and pharmaceutical sectors. Advertisement Figures released by the Central Statistics Office (CSO) reveal that the domestic economy has showed steady growth, with public sector expenditure and the wage bill rising. Gross Domestic Product grew by 9.7% in Q1 2025, while Modified Domestic Demand increased by 0.8% #CSOIreland #Ireland #NationalAccounts #Economics #Macroeconomics #EconomicIndicators # #FixedAssets #GovernmentFinances #GovernmentAccounts #EconomicActivity — Central Statistics Office Ireland (@CSOIreland) June 5, 2025 Chris Sibley, the assistant director-general at the CSO, said the high figures for the GDP were 'unusual'. Many businesses rushed to export goods to the US before Mr Trump's tariffs sanctions came into effect. The figures show that the total exports expanded by 9.4 per cent in the first three months of 2025, an increase of €18.2 billion, with a growth in goods exports by 14.8 per cent, representing an increase of €13.5 billion. Advertisement The growth in domestic economy was more moderate. The modified domestic demand (MDD), which includes personal, government and investment spending, increased by 0.8 per cent. The current account balance stood at €6.6 billion, driven by strong merchandise exports and increased income outflows. The CSO said the figures highlighted the impact of profit outflows and the need to revisit the valuation of pharmaceutical stocks and exports to ensure accurate GDP measurement. Advertisement Personal spending on goods and services, a key measure of domestic economic activity, grew by 0.6 per cent in the first quarter of the year, while wages grew by 0.9 per cent in the same period. Growth was recorded for every sector except for real estate activities which declined by 1 per cent in the quarter. Mr Sibley said the data for foreign-owned Multinational Enterprises (MNE) shows that it has been growing throughout 2024 and into 2025, but that the increase of 9.7 per cent is 'unusual'. 'That is a big growth rate for GDP, in Q1 2025,' he added. Advertisement He said the data in the tech sector shows steady growth, but that there was a surge in pharma exports in the first three months of the year. 'We weigh all the sectors in the economy, look at all the foreign sectors and all the domestic sectors, we see that the growth is all from the foreign sectors,' he added. He added: 'When we see large changes in pharma industry, as we presented here today, generally, you usually see something else with that too, like royalty payments or other costs. They have an increase, like the turnout, through large revenue increases without cost increases. 'The profit that's generated for that, as the GDP, that's really what's given us the large results today. Advertisement 'They're always subject to revision, and we'll be watching again throughout the year. But that's really what's given you the GDP results today – the surge in revenue without the kind of associated costs of it.' The figures also show that the globalised industry sector expanded by 17.1 per cent in the first quarter compared with the last quarter of 2024, while the information and communication sector posted an increase of 3.8 per cent over the same period. Overall, the multinational-dominated sector rose by 12.4 per cent in the quarter. Minister for Finance Paschal Donohoe said department officials had assessed the spike in GDP to be 'temporary', and expect exports and GDP to moderate over the year. 'This was driven by a significant increase in the export of goods, and reflects, in large part, the 'front-loading' of exports in anticipation of the imposition of tariffs by the US administration,' the minister said. 'This is also a feature in other countries, though the scale is much larger in Ireland. 'Today's results highlight, once again, that GDP is not an accurate reflection of economic activity happening 'on the ground'. 'This is why alternative indicators, such as Modified Domestic Demand, are so important in an Irish context. 'On this basis, the domestic economy grew by 0.8 per cent in the first quarter. This is a more accurate reflection of developments in the domestic economy and is consistent with the strength of our labour market – with a record 2.8 million people in employment at the beginning of the year. 'Today's figures confirm the relatively strong position of the domestic economy at the start of this year. World European Central Bank cuts interest rate as Trump... Read More 'Looking ahead, however, the economic outlook has become increasingly challenging. Indeed, the significant increase in uncertainty is likely weighing on growth. 'In this more challenging global environment, we must focus on policy areas where we can exert influence. 'In particular, continuing to boost our competitiveness will be key to ensuring that Ireland remains an attractive place to live, work and invest – not just today, but over the long term.'

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