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July 31, 2023

Asset managers warn UK government against softening climate approach

Ultra-low emission zone Ulez
Conservative attacks on Sadiq Khan’s plans to expand the ultra-low emission zone to Uxbridge are believed to have influenced the by-election’s outcome (Photo: Justin Tallis/AFP via Getty Images)

The British government is watering down its climate policies amid a cost of living crisis that is weakening its prospects in next year’s general election.

In July, the UK Conservative party suffered two by-election defeats and scraped a victory in London’s Uxbridge constituency. Conservative attacks on London mayor Sadiq Khan’s plans to expand a tax on polluting vehicles to Uxbridge are viewed as having influenced the election’s outcome.

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