Labour’s first budget in 15 years, led by chancellor Rachel Reeves, introduced a significant change by relaxing fiscal rules to allow for increased government borrowing and spending. The budget, heavily scrutinized for its tax increases, allocated around £100 billion for additional public investment over five years, with a focus on low-carbon investments. While there was disappointment over the lack of fuel duty increase, the budget was praised for its bold clean investments, including funds for carbon capture projects, green hydrogen producers, nuclear power, offshore wind infrastructure, and a new publicly-owned energy company. The UK government's commitment to reaching net zero by 2050 was evident in the budget, with a clear pathway outlined by the Climate Change Committee. However, there is a gap in strategies to meet the 2030 greenhouse gas reduction target. The budget also faced criticism for not allocating enough resources to mature technologies like electric vehicles and heat pumps, despite their proven affordability and readiness for deployment. The budget's industrial policy approach, focusing on green initiatives and domestic suppliers, aims at industrial renewal and job creation. However, challenges lie in competing with countries like China in electric vehicle manufacturing and the Middle East in green hydrogen production. While the budget showcases confidence in UK industry, there are concerns about efficiently meeting net zero targets and the global competitive landscape. A budget that balances industrial focus with broader economic impacts and international collaboration could provide a more effective pathway to net zero and industrial growth.