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Finwire

Report: UK considering cuts to energy programmes to fund defence – BN

The UK is considering cutting the 15 billion pound Warm Homes Plan to free up money for increased defence spending. Bloomberg News reports this, citing sources.

Initiatives involving carbon capture, storage and hydrogen are also under review. The Department of Energy has been tasked with finding additional savings of 2 billion pounds by the end of the decade.

No final decisions have been made ahead of the budget on 28 October.

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