Research carried out by global management consulting firm McKinsey and Company showed that the transition to net zero could potentially be worth more than £1 trillion to UK business by 2030.
A survey of more than 2,000 firms revealed that 43% believe costs are 'significant barriers' in transitioning to net zero. 34% stated a lack of finance prevented them from transitioning.
The BCC has called on the government to address gaps in funding; combat skills shortages; and ensure stability in regard to policies.
'The UK has the businesses, ideas and talent to lead the world in low-carbon innovation,' said Shevaun Haviland, Director General of the BCC.
'But without urgent action, we risk falling behind in the global race for green growth.
'We need ministers to work with business to tear down the barriers on finance, skills and policy that are holding too many firms back.'
10/11/2025
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30/03/2026
Hundreds of employers handed penalties for illegally underpaying workers
Almost 400 employers from across the UK have been named for failing to pay the minimum wage to tens of thousands of workers, says the government.
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HMRC website seeks to close tax knowledge gaps
HMRC has launched a new ‘Tax Confident’ website which it says will help people fill their tax knowledge gaps.
Self-employed gender pay gap is £51 per day
Self-employed women in the UK earn £51 less per day than men on average, according to IPSE, the self-employed association.
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