Gordon Brown, desperate to look like a world saviour (there's an election coming up) has promised a 42% reduction in Britain's carbon dioxide emissions by 2020 (a massive increase from the current 20% target). Here's what the Taxpayer's Alliance calculates:
'To meet a 42 per cent target at the present rate of improvements in emissions intensity, the size of the economy in 2020 would need to be cut by 30 per cent from expected levels, or nearly £507 billion (2005 prices).'
£507 billion! Of course Brown knows it is unlikely to be him who has to find the money. This is a political scorched earth policy. Brown is mortgaging our children's and grandchildren's inheritance to try to make himself look good.