|
The yearly budget is to be announced soon and it is set to be the greenest budget to date set by Labour. The main areas of the green budget are aimed at reducing carbon emissions from cars, boost the use of biofuels and look after fuel poverty. The main focus is the huge carbon emission problem that is being produced on our British roads. Labour have rejected the 2p a litre rise in fuel duty because it goes against the grain of the budget aims. There is however going to be an introduction in "showroom tax" which places a fee of around £2,000 for fuel guzzling cars to discourage their purchase. A tougher policy will be put in place to encourage the use of biofuels in cars to reduce carbon emissions on the roads. This policy has strict emphasis on using only sustainable biofuels and not growing crops at the expense of destroying the rainforest. A Wind Fall tax will also be put in pace for energy companies to attempt to reduce fuel poverty. This tax will help fund a package to reduce energy bills for the over 70's by £50 a year. This tax will cost all the energy firms a total of £1 billion over 4 years.
Staff editor, Gas & Electricity Section, March 2008 |
