A more secure, fair and environmentally sustainable world
The Government is committed to delivering strong, environmentally sustainable growth in the UK and leading the international response to the long-term global challenges of climate change, promotion of peace and stability, and eliminating poverty around the world. The 2007 Pre-Budget Report and Comprehensive Spending Review announces:
- an increase in funding for flood and coastal erosion risk management from £600 million in 2007-08 to £800 million in 2010-11;
- an Environmental Transformation Fund of £1.2 billion to support the deployment of new energy technologies in the UK and abroad;
- reforms to and increases to the taxation of air travel to better reflect environmental costs;
- an increase in overseas aid as a share of national income from 0.37 per cent in 2007-08 to 0.56 per cent in 2010-11, meeting our international commitments; and
- an increase in defence funding, to help secure international peace and stability including funding for two new aircraft carriers and new protected vehicles for the Army and maintenance of the UK's nuclear deterrent.