Leaked UK plans warn net zero could cut GDP by 10%

Leaked assessments from the UK government warn that Labour's push for net zero could reduce economic growth by 10% by 2030, potentially leading to financial instability. The documents indicate that poorly planned transitions to carbon neutrality may burden taxpayers with increased national debt and create a risk of 'stranded assets,' where investments in power plants and other infrastructure become prematurely obsolete. Conservative leader Kemi Badenoch has criticized the net zero plans, deeming them financially reckless and arguing that they could leave the UK reliant on authoritarian regimes for energy. The implications of this transition are expected to disproportionately affect the poorest in society, raising concerns about unemployment and economic disparity. Despite the intention to generate jobs and lower energy costs, there are fears that the reality could differ significantly, as industry leaders caution about the long time required to realize these benefits. The situation remains contentious as political leaders debate the viability and consequences of the proposed net zero initiatives.