Monday, August 22, 2011

Raise VAT on energy to improve efficiency, ministers told

The UK government's policies on energy and climate change must be rethought, report says

Ministers should raise the rate of VAT on energy if they want to reduce waste and greenhouse gas emissions, while shielding lower income households from the consequences, the government was advised on Thursday.

The recommendation came as part of a package of proposals in a study (pdf) from the Organisation for Economic Cooperation and Development (OECD) that concluded the UK government's policies on energy and climate change must be rethought.

See full Article.