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UK’s fracking firms might be qualified for tax breaks

UK’s fracking firms might be qualified for tax breaks Fracking companies may get help from tax breaks by using a loophole in the government’s windfall tax. That’s the suggestion from a analysis uploaded by the campaign society Uplift which implies the investment allocation tied to Energy Profits Levy could prolong to fracking companies, which may…
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We must aim to cut energy bills now for future net zero

We must aim to cut energy bills now for future net zero: Before conflict erupted in the Ukraine, it was clear that a long-term restructuring of our energy markets to deliver net zero sustainably, with security was essential. We now see a focus on accelerating plans, as the current crisis imposes greater urgency. But results…
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CEBR Predict 8p Fall at the Pumps

Pump Prices set to cripple the economy & cost of living

Pump Prices set to cripple the economy & cost of living: Record Pump Prices are Hurting 37m Drivers and the Economy. We are reliably informed petrol and diesel prices are to rocket even further by 10p to 20p per litre this coming week. The extra VAT generated in the last year and the coming months…
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Petrol/Diesel 10p -14p Higher than Necessary

Petrol/Diesel 10p -14p Higher than Necessary: Speculators and Fuel Supply Chain, and even the Treasury Profiteering out of a Crisis Govt is also Wallowing in a £2bn VAT Bonanza Even considering exchange rate changes since 2014 when the dollar price for a barrel of Brent Oil was similar to current prices, diesel and petrol are…
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Treasury pressed to scrap VAT on energy efficiency

Treasury pressed to scrap VAT on energy efficiency: The government has been urged to get rid of VAT on energy efficiency modifications. A letter written to the Chancellor by The Association for Decentralised Energy (ADE) said that 20% VAT charged on retrofitting domestic insulation should be cut to zero. In the open letter, signed by…
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Further green invest might result in diminishing returns

Further green invest might result in diminishing returns: Treasury has apparently warned over diminishing returns that green spending could have. The Observer announced that a leaked document that followed a presentation to essential groups outside the government stated the investment needed to help the UK attain its net zero target is ‘uncertain’ & the advantages…
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NAO: Landfill tax increase to 700% set off fly tipping spike

NAO: Landfill tax increase to 700% set off fly tipping spike: A 700% rise in the landfill tax in the middle of 1998 & 2014 has spiked additional illegal disposal of waste. A current report by the National Audit Office (NAO) says that even though the change in the levy by HM Treasury brought about…
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