Brown to hit gas guzzlers in PBR

Chancellor Gordon Brown is expected to hit gas-guzzling
cars and air travel with increased taxes in his pre-Budget Report.

Brown is looking to increase the top rate of excise duty for the most
polluting cars, and air passenger duty will also increase, as he looks to show
the public that he is more environmentally friendly than Tory leader
David Cameron.

However Brown is not expected to introduce a wide range of penalties to
consumers of travel fuel, reports the FT.

The European Union’s industry minister
Gunter Verheugen has warned against Europe moving faster than the rest of the
world to tackle climate change, saying it could risk its competitiveness.

Further reading:

KPMG: Brown’s pre-Budget to focus on
stability and flexibility

Private equity share deals will be PBR

Brown boosted by public sector income

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