The figures represent the sharpest movement recorded since comparable data began. Industry bodies have broadly welcomed the direction while warning about implementation costs. Similar schemes elsewhere have produced mixed results, with outcomes varying widely by region.
Critics argue the measures do not go far enough to address the underlying pressures. Several of those briefed on the plans said the detail matters more than the headline commitment. A spokesperson said the approach balances affordability against the need for long-term investment. Industry bodies have broadly welcomed the direction while warning about implementation costs.
A spokesperson said the approach balances affordability against the need for long-term investment. The proposals, published on Tuesday, set out a timetable that officials say is deliberately cautious. Industry bodies have broadly welcomed the direction while warning about implementation costs.
The proposals, published on Tuesday, set out a timetable that officials say is deliberately cautious. Several of those briefed on the plans said the detail matters more than the headline commitment. Independent analysts note the projections rest on assumptions that may prove optimistic. Critics argue the measures do not go far enough to address the underlying pressures.
