Treasury

Supporters of the group stood nearby holding banners saying ‘this is an emergency’ and ‘act now’

The review, commissioned by the Treasury, will assess the economic benefits of biodiversity globally as well as the economic costs and risks of biodiversity loss

The tax is paid on most fuels and currently stands at 57.95p per litre of petrol, diesel, biodiesel and bioethanol

The successful fund manager will be appointed to raise and manage the investment fund on behalf of the Treasury

The Environmental Audit Committee said Chancellor Philip Hammond has also refused to send another minister in his place

Philip Hammond said money raised from any tax changes would be invested in developing new, greener products and processes

New plans to ensure consumers continue to receive an uninterrupted supply of energy if a supplier goes bust have been published. A Memorandum of Understanding (MoU) has been developed setting out the details of how the Department for Business, Energy & Industrial Strategy (BEIS), Ofgem and the Treasury will work together in such an event. […]

The Treasury’s approach of “consistently favouring” short term priorities over long term sustainability is potentially increasing future costs and harming investor confidence. That’s the conclusion of the Environmental Audit Committee’s (EAC) major investigation, which found the Treasury has “ridden roughshod over other departments’ objectives”, changing and cancelling long-established environmental policies and projects at short notice. […]

Chancellor George Osborne is “calling the shots” when it comes to energy policy. That’s the view of former Energy Secretary Ed Davey who said they have had “quite a few standoffs” and a “big fight” over the Levy Control Framework (LCF), a tool used by government to support the control of costs to consumers arising […]

The Treasury’s Spending Review is to be audited for its environmental impact. The Environmental Audit Committee has commissioned the National Audit Office (NAO) to look into how effective it is as a tool to meet environmental protection and sustainable development objectives. It will focus on whether the Spending Review takes into account the evidence on long term […]