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CBI calls for carbon tax freeze

Accountancy Age

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,…

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