Britain could face economic turmoil similar to the Liz Truss period if a Reform UK government stripped renewable energy projects of subsidy contracts, RenewableUK chief executive Tara Singh said. She said the policy would damage investor confidence in the energy industry and the wider UK economy. [1]
Singh said the signal to investors would be “really damaging” and added: “We’ve all lived through a Liz Truss era, and I don’t think this is something that we would want to go back to.” [1]
Reform UK deputy leader Richard Tice said the party would “seek to strike down all contracts” if it formed a government. He had already given large renewable energy developers formal notice last summer that Reform UK would axe deals struck in the government’s subsidy auction. [1]
Tice said the “political consensus that has sheltered your industry for nearly two decades is fracturing,” a sign of the party’s sharper attack on the renewables sector. [1]
The warning comes as the policy is being discussed ahead of elections to the Scottish and Welsh parliaments and to councils across England. [1]
