Treasury
The government has launched a consultation seeking views on policy measures to mitigate carbon leakage risk, including a carbon border adjustment mechanism
A think tank has proposed replacing fuel duty with a per-mile charging system, providing higher mileage allowances for residents in rural areas to maintain fairness
Ofwat has secured a funding increase of £11.3 million, allowing them to triple their enforcement capacity and hold water companies accountable for their shortcomings
Sir Jim Ratcliffe has expressed concerns over the UK government’s windfall tax on North Sea oil operations, stating that it hampers future investments and has poor returns
Major fund managers have reportedly said they remain unconvinced about the project’s potential
By the middle of March, energy suppliers received £5.9 billion from the Energy Bills Relief Scheme, significantly lower than the £18.4 billion forecasted cost
The Treasury reportedly spent almost £500,000 on an unused energy trader scheme and external consultants
Chancellor Jeremy Hunt has said the delay will allow the UK to evaluate the EU’s response
The government is allegedly spending approximately £450,000 a year sending unnecessary tax reminders to EV owners who are exempt from paying vehicle excise duty
Despite the wholesale price gap between petrol and diesel now just at 1.5p, if you’re filling up a diesel vehicle at the pump you’ll be paying 20p, new data has shown