Budget reaction: Environmental measures
'Green Budget' fails to impress
'Green Budget' fails to impress
Despite today’s Budget being widely anticipated as a major attempt to tackle
climate change, the measures introduced have been met with a tepid response.
Lisa Macpherson, national director of tax at accountants PKF, said:
‘Considering this was trailed as a green Budget, the measures he spoke about
were a massive anti-climax. The reality is that we’re falling further behind in
the battle against climate change and the Chancellor fiddled while the
environment overheated.’
Friends of the Earth director Tony Juniper said that instead of putting
sustainability at the heart of Budget, chancellor Alistair Darling ‘merely
tinkered in the margins’.
Juniper welcomed some of the announcements such as a car purchase tax and an
increase in air passenger duty, ‘ but the overall package falls a long way short
of what is required’.
Frank Sangster, head of KPMG’s environmental tax and incentives group, said
today’s Budget will only account for a reduction in carbon emissions of ‘around
5 per cent by 2015 at the earliest’.
‘Considering the Chancellor’s promise back in December to put sustainability
at the heart of the budget his announcements amounted to no more than minor
changes, more reviews and a headline grabbing plastic bag tax in 2009,’ he
added.
The numbers you crunch tell a story. Your expertis...
16yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe amount of tax saved by businesses through HMRC’s Patent Box scheme has increased by 23% over the last five years, from £1.14 billion in 2017/18 to...
View articleUK Chancellor Jeremy Hunt has hinted at the possibility of further tax cuts in the upcoming spring Budget, during his time at the World Economic Forum...
View articleThe legislation, which introduces a global minimum tax of at least 15% for multinational enterprises, aims to limit tax competition and ensure large c...
View articleThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleAccountants must stay vigilant, adapt their tax strategies to evolving regulations, prioritize transparency, and foster collaboration with tax authori...
View articleAs the government prepares for re-election, PM Sunak promises to control spending in order to bring forth tax cuts next year Read More...
View articleThe Office for National Statistics revealed that the UK economy shrank by 0.3% in March after the economy grew by 0.1% in the previous three months Re...
View articleAs the Spring Budget approaches, dissenters of the UK government’s increasingly complex contractor legislation are baying for change. HMRC has already...
View article