4 ms·
Just a couple of days ago there was a piece reporting research that the UK had the highest fossil fuel subsidies in the EU, to the tune of £10.5bn a year), alon
by NeedMoreTea 8y ago
Just a couple of days ago there was a piece reporting research that the UK had the highest fossil fuel subsidies in the EU, to the tune of £10.5bn a year), along with another piece earlier in the week that we have to increase allocation of public funds for subsidising North Sea oil rig decomissioning. Can't quickly dig up a link for the second, but it was around £25bn.
Not to forget that the escalating climate change tax on petrol was paused some years back.
https://www.theguardian.com/environment/2019/jan/23/uk-has-biggest-fossil-fuel-subsidies-in-the-eu-finds-commission https://www.theguardian.com/environment/2019/jan/23/uk-has-b...
- gaius 8y agoFTA significant part of the UK fossil fuel subsidies identified by the commission is the 5% rate of VAT on domestic gas and electricity, cut from the standard 20% Taxing something less is not the same as subsidising it and it is disingenuous to claim that it is. Is the government subsidising you by taxing you less than some hypothetical percentage?