The chancellor’s flagship policy will "alter the location rather than the volume of economic activity", the Office for Budget Responsibility concludes.
The total value for businesses from the agreement would be “less than half the cost of Boris Johnson’s new yacht”, Emily Thornberry claimed.
Ageing populations in advanced economies mean there is an urgent need to raise money, the OECD said.
The Conservatives have managed to win four-successive elections partially on the grounds of their reputation as being ‘strong on the economy’.
In August, prime minister Boris Johnson urged the world to take climate action "now" after a UN report revealed a "code red for humanity" - but a leaked paper now suggests that chasing post-Brexit economic benefits takes priority.
The process is likely to be painful for many business and workers since there will likely be job losses and social disruptions in the years ahead.
“Like a whack-a-mole game where once one difficulty is resolved, another appears soon after."
Experts have forecast inflation will hit 4 per cent by the end of this year - far above the Bank of England’s 2 per cent target.
“The UK is the only one of the 10 biggest countries to see this happen, with Brexit exacerbating the decline.”
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