Sunak’s Friday speech was moved last minute to this afternoon after his Net Zero rollback was leaked last night. The speech opened with what felt like a mission statement for the looming election – along with another shot at his predecessors:

Amid much chatter…

Here are the key changes:

• Petrol and diesel car ban delayed by five years to 2035, buy and sell second hand. Aligning with Europe…
• Transition to heat pumps switch will be forced only when buying a new boiler, and from 2035.
• Boiler upgrade scheme grant upped to £7,500.
• Upcoming property energy efficiency requirements scrapped.
• Future 7-bin requirement scrapped.
• No new flight tax.
• No ban on oil and gas in the North Sea.
• Ban on onshore wind is being lifted.

Rishi’s thinking: “I care about reaching Net Zero by 2050 but on the current path, we risk losing the consent of British people.” Guido is looking forward to the aftermath…