tag taxation 
Business Green
OCTOBER 25, 2022
That is due to gas prices soaring more quickly than electricity prices in the wake of Russia's invasion of Ukraine and the government's recent decision to temporarily shift environmental and social policy levies from electricity bills onto general taxation as part of its Energy Price Guarantee.
Business Green
DECEMBER 13, 2021
Clean transport advocates point out £30bn price tag for railway electrification is in the same ball park as budget for road building. The Treasury is facing further accusations that it is hampering the UK's net zero transition, after reports emerged over the weekend that it has blocked plans to electrify Britain's railways over cost concerns.
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Business Green
MAY 26, 2022
Research by Inside Housing has put a price tag of £104bn on decarbonising all the UK's homes, with an upper estimate of £250bn - equivalent to just under a quarter of the government's total projected spending for 2022-23.
Business Green
SEPTEMBER 8, 2022
The plan is to be reviewed next Spring, but the government indicated the price freeze could stay in place for up to two years with the price tag expected to reach up to £150bn. As a result, domestic energy bills should stay at around current levels through this winter.
Business Green
SEPTEMBER 6, 2022
However, there remains no indication as to how the proposed moratorium on green levies will work, with the Truss campaign having repeatedly failed to confirm whether the levies would simply be suspended or whether the schemes they fund would instead be paid for through general taxation.
Business Green
SEPTEMBER 6, 2022
There are conflicting reports as to the potential price tag attached to such a policy, with various commentators putting the cost at between £90bn and potentially as high as £200bn, depending on various factors such as the on-going price of gas and how long the cap remains in place.
Business Green
JULY 7, 2021
That is why the Treasury is currently working on a crucial assessment of the fiscal requirements of decarbonisation in the form of its long-awaited Net Zero Review, which is expected to emerge later this year.
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