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<p>The Chancellor is in regular contact with the Prime Minister on a range of issues.</p><p>
</p><p>The UK is committed to tackling climate change and we are a world leader in
clean growth. That is why last week the Government began to legislate for a net zero
emissions target by 2050. The UK is the first major economy to put such a target in
legislation.</p><p> </p><p>At the same time, the Chancellor has accepted the recommendation
of the Committee on Climate Change to conduct a Review into the costs of decarbonisation.
This will be the world’s first comprehensive review by a finance ministry into the
costs of transitioning to a net zero economy. The Review will consider how to achieve
this transition in a way that works for households, businesses and public finances,
as well as the implications for UK competitiveness.</p>
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