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Manufacturing Body in Call for Carbon Tax Relief
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Written by James D. Crawford   
Thursday, 22 December 2011
THE manufacturers' organisation EEF has added its name to the growing list of bodies calling on the chancellor to introduce a package of tax reliefs for companies who are about to be hammered by the government's ?3.2bn stealth tax on carbon.

ASW get In a set of demands ahead of George Osborne's autumn statement next month, the EEF said: "The chancellor must introduce a compensation package which effectively targets those energyintensive industries most affected by its climate change policies."

EXCLUSIVE BY DAVID Earlier this month, City A.M. revealed the chancellor was poised to announce such a compensation package in his autumn statement, after intensive lobbying from employers' organisation the CBI. THE CHANCELLOR package firms after he industry with tax in his last City A.M. will help those amounts of energy, aluminium and Treasury source was working energy-intensive John Cridland, of the CBI, told City discussions with exempting some firms from the carbon was "hopeful" the find a resolution.

The package will focus "If you're going to price in the UK then sensitive who n on those firms that use large amounts of energy, such as cement, aluminium and steel makers.

FREE Industry to get carbontax Osborne came under fierce criticism after he shocked industry by announcing a carbon floor price in his Budget last March, which will raise ?3.2bn for the exchequer by 2016. The Treasury will set a minimum price for carbon even if the market price is lower and collect the difference as taxation. It was labelled a "stealth tax" because the government said it was a green measure while critics argued it was breaks CROW is set to unveil a of tax relief for energy-intensive in his autumn statement, was criticised for hitting with a ?3.2bn carbon stealth last Budget.

understands the package those firms that use large energy, such as cement, and steel makers. A confirmed the chancellor on a "package for industries".

the director-general City A.M.he had been in the Treasury about energy-intensive carbon floor price and the chancellor would to do a carbon flo then yo only introduced to help pay for a 1p cut in fuel duty.

Earlier this month, John Cridland, the direc-tor-general of the CBI, told City A.M. he had been in discussions with the Treasury about exempting some energy-intensive firms from the carbon floor price and was "hopeful" the chancellor would find a resolution.
Last Updated ( Thursday, 22 December 2011 )