tax cuts
Chancellor Jeremy Hunt’s Autumn Statement has introduced proposals for residents living closest to new electricity infrastructure to receive up to £1,000 annually off their energy bills
The government’s reported offer of £1,000 for allowing pylons in residential areas sparks controversy, with critics highlighting concerns about geographical disparities in assistance
New analysis found that if new North Sea gas fields were halted, the reduction in gas production by 2030 would be equivalent to the electricity generated by a single offshore wind farm
Renewable energy businesses have called for more clarity
The former Chancellor has said he had told Liz Truss she was going too fast with her economic plans
Kwasi Kwarteng has said “the help is coming” for households and businesses amid the “worst energy crisis in generations”
Cornwall Insight analysts have predicted that a typical household will pay £3,554 for its annual energy bills in October
The recent oil and gas tax cuts announced by Chancellor George Osborne are “biased towards older, existing assets”, according to an energy analyst. Mr Osborne said he will cut the Supplementary Charge on oil and gas from 20% to 10% and scrap the Petroleum Revenue Tax (PRT). The PRT is a special tax on profits […]
Australia’s new carbon tax had a cold reception when it came into effect yesterday, with thousands of protestors reportedly out in force in Sydney. Around 300 big polluters were slapped with a carbon price of $23 (£15) per tonne, a measure the Australian Government hopes will cut carbon pollution by at least 159 million tonnes […]