Today the Public Accounts Committee, of which I am a member, published a report into the Treasury’s lack of “understanding, leadership and coordination”, in face of the global climate emergency. You can read the full report and recommendations here and watch a recording of the inquiry here.
The scale of the climate emergency we face demands urgent, unprecedented levels of action, and steps to reach net-zero should be a priority for every Government department. It is therefore extremely worrying to see such a lack of coordination or leadership from within the Treasury.
Our report today indicates that time and time again the immediate priorities of the Treasury have outweighed the action needed to support long-term environmental objectives.
If we are to reach our net-zero goals and make a success of the COP26 summit later this year, the HMRC and HMT must set out a clear, longer-term vision for how it will work to help the UK achieve net zero – including how the tax system, and every tax measure, can help us reduce emissions and curb the worst effects of this crisis.