Tuesday, 14 June 2011

CBI: Carbon floor price could "push industry over the edge"

UK energy and tax policies are putting too much cost pressure on energy-intensive sectors and undermining investor confidence in these industries, CBI director-general John Cridland has warned.

Over the last 12 months the Government need to raise revenues has seen industry hit by the Carbon Reduction Commitment, Carbon Floor Price and the recent hike in oil and gas tax. Cridland told business leaders, politicians and energy suppliers at the CBI energy conference.

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