Japan's Daikin says new UK net zero plan will hit confidence

Japanese industrial company Daikin, the market leader for heat pumps in Europe, said Prime Minister Rishi Sunak's decision to push back some of Britain's plans to tackle climate change will undermine confidence and international investment.

"With its policy update, the government seems to have given up on its commitment to see up to 600,000 heat pumps being installed a year by 2028," Henk van den Berg, residential sales manager at Daikin UK, said in a statement on Thursday.

"This is going to undermine confidence, foreign investments, and will have a significant impact on the growth in green jobs."