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Jeremy Hunt’s budget to announce £20bn funding to cut carbon emissions

‘Reset’ of clean energy policy, including small nuclear reactors, is response to Joe Biden’s Inflation Reduction Act

The chancellor is poised to announce a £20bn investment in technology to reduce Britain’s carbon emissions at next week’s budget, in a riposte to Joe Biden’s flagship Inflation Reduction Act that aims to create thousands of new jobs.

Separately, the government plans to add urgency to Britain’s nuclear programme, with a competition to develop small modular nuclear reactors (SMRs).

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