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UK Urges EU Not to Harm British Firms in US Clean Power Fight

  • Companies in post-Brexit Britain risk damage from both sides
  • Business secretary has called US subsidies plan ‘dangerous’
Rishi Sunak

Rishi Sunak

Photographer: Carlos Jasso/AFP/Getty Images

The UK is urging the European Union not to harm British companies as European leaders debate whether to match measures in the US Inflation Reduction Act with massive green subsidies of their own.

Prime Minister Rishi Sunak’s administration has concerns that while the US law risks cutting market access for British companies, any EU retaliation risks magnifying the damage. The EU is concerned that the US law unfairly subsidizes American companies and is debating its response.