UK Budget targets hydrogen fuel development

The image shows Rachel Reeves dressed in a grey suit standing in front of the Union Jack flag

Source: GOV.UK (Crown Copyright)

The UK’s Autumn Budget 2024 delivers a robust funding boost aimed at expanding ports, accelerating hydrogen fuel development, and supporting alternative energy sources across the country.

Labour’s first budget in government saw Rachel Reeves, UK Chancellor of the Exchequer, commiting to targeted investments and modernising port infrastructure to accommodate offshore wind and low-carbon hydrogen projects.

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