CBI calls for carbon tax freeze

by Calum Fuller

More from this author

03 Mar 2014

  • Comments
John Cridland director general of the CBI

A FREEZE in taxes on carbon emissions could allow UK businesses to compete more effectively on an international level, according to the CBI.

The current regime which imposes a levy - known as the Carbon Price Floor - on greenhouse gas emissions aims to encourage investment in low-carbon energy generation also impedes competition and raises customers' energy bills, the business group claims.

It adds the charge is higher than EU equivalents, again putting UK companies at a disadvantage.

"It's vital that we have a robust carbon price across Europe if we are to obtain the investment in energy infrastructure that the UK needs," CBI director-general John Cridland said.

"At the same time, we need to recognise that British businesses, especially energy-intensive industries, are struggling with high energy costs so we want to freeze the Carbon Price Floor to help firms compete internationally, as well as ease pressure on household bills."

In a letter to George Osborne, Cridland also called on the chancellor to introduce a capital allowance to encourage infrastructure investment, freeze air passenger tax and do more to support SMEs. 

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.