Fiscal Statement: Chancellor gives go-ahead to Sizewell C and new national energy efficiency spending
Chancellor Jeremy Hunt has opened his red budget box in Parliament for the first time, revealing changes to tax and spending intended to make the coming recession shallower. There were a number of key announcements for the UK’s green economy included in the package.
Combined sugar and carbon tax could reduce UK emissions by 19 million tonnes
By combining a sugar tax on soft drinks with a food-based carbon tax, the UK could raise £3.6bn in revenue; reduce carbon emissions by 19 million tonnes annually and increase life expectancy, researchers from Oxford University have claimed.
Autumn statement – missed opportunity for confirming strategy on environmental taxes
Business craves long-term certainty in order to invest, but in perpetuating uncertainty with green taxes and levies, the Government risks failing to achieve its environmental policy objectives and putting up the costs of investment - the worst possible outcome.
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