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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09/12/2025
MTD penalties waived for first year of Income Tax
Self assessment taxpayers due to join Making Tax Digital (MTD) for Income Tax next April will not face penalties if late filing quarterly updates.
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E-invoicing will be fundamental change for VAT-registered businesses
The mandatory introduction of e-invoicing for all VAT-registered businesses selling to UK business customers from April 2029 will be a fundamental change, says the CIOT.
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