A report by the Engineering Employers’ Federation has claimed the proposed climate change levy will damage the competitiveness of UK businesses and prevent them becoming energy efficient. According to the report, 2,300 UK companies would have to pay the levy in full, reducing their ability to compete internationally for business. Martin Temple, the director-general of EEF, said his organisation was not opposed to government action on climate change but believed the levy was one of the ‘most badly designed economic instruments in recent times’.
Full story at www.accountancyage.com/News/1116336.
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