Ten Things You Need to Know Today: 20 October 2021

The Week’s daily digest of the news agenda, published at 8am

1. Treasury warns of green tax rises

Householders face new taxes or reduced public spending to pay for the country’s rapid transition to net zero, the Treasury said yesterday. Boris Johnson pledged that Britain could meet its ambitious net zero targets “without so much as a hair shirt in sight” but Rishi Sunak seemed less confident. He said the Treasury would have to deal with a £37bn-a-year black hole in its finances because of the loss of revenue from fuel duty. The Times said there are “splits” at the top of government over the costs of decarbonisation.

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