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The UK Must Play to its Strengths in its Response to the Inflation Reduction Act
Joe Biden’s Inflation Reduction Act is a shot in the arm for the green economy in the US - but nowhere else. Providing huge subsidies to green products only if they bear a ‘Made in America’ tag has ruffled feathers and provoked responses across the Atlantic. The EU is relaxing its commitment to free and open markets and boosting subsidies for clean technologies. So, how should the UK respond?