PwC says budget plans are light on energy policy

24.06.2010

On Wednesday 23 June PricewaterhouseCoopers (PwC) said despite the budget being “light” on environmental measures, they await further details in the autumn.

Mark Schofield, PwC Head of Sustainability and Climate Change Tax said,

“While the Chancellor focused on deficit reduction and fairness in the tax system, there were some minor changes to existing green taxes, perhaps reflecting the Government's promised green focus and hinting at the shape of things to come.

“What was most striking from an environmental perspective about the budget was what it did not say about environmental tax and regulation.  Autumn will bring the real detail on big ticket environment tax and regulation issues, and that's when the Government's green deal for business needs to emerge if we are to meet the investment cycles needed to achieve the UK's carbon emission reduction targets.  The economy was always going to take precedence now.”

Read the full article on the UK Media Centre website