Saturday, November 29, 2008

Environment misses out in pre-Budget report


The pre-Budget report failed to deliver on green targets that the government had previously trumpeted

According to one environmental tax expert, it showed that the ‘environment will always take second place to fiscal policies’.

‘The chancellor could have used this opportunity to incentivise environmental behaviour,’ said KPMG partner Frank Sangster.

‘It would have been good to see some money stimulate environmentally friendly behaviour such as reducing VAT further on environmentally friendly products, such as energy efficient cars, or taxes that would influence changes in behaviour,’ he added.

See full Article.