Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK government to issue damning green taxation report

The UK government will this week issue a report on green taxes in the future which will make frightening reading for many consumers and businesses in the UK. All in all the report, which was commissioned by the government, suggest that UK businesses and households up and down the country should pay an additional £150 billion in "green taxes" over the next decade.

In a nightmare scenario, we could see petrol rise to two pounds a litre, tax on family cars increase from £300 to £3000 by 2020 as well as various other green tax and recycling taxes which are already in the pipeline. The report also confirmed that green taxes currently make up 7% of the government's tax take at the moment which is a damning indictment when you consider the UK government still wants more from the UK population!

As we have mentioned on a number of occasions, how is it that green taxes are always lead to increased taxes and UK businesses and consumers are expected to take the hit?

The Conservative party has promised to change the strategy on green taxes in the future, assuming the party is successful at the next election, using the carrot rather than the stick approach. However, whether this will actually materialise is very much open to debate.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details