Is the price of going green too much for UK consumers?
Even though the UK government signed up to a carbon emission reduction program back in 1990 it has only just been revealed that UK energy bills will in the short-term increase by up to 20% to fund a £100 billion investment programme in renewable energy. It seems as though the UK government is very much in the pocket of UK energy providers offering significant taxpayer sweeteners and incentives to "go green" although inevitably it is the UK taxpayer who will foot the bill.
At a time when money is tight, and set to remain tight for the next few years, on top of expected income tax and indirect tax increases to fund the ever-growing UK national debt it seems that UK taxpayers will be hit with yet another significant rise in the cost of living. Even the most basic analysis of taxation under the current Labour government will show that both direct taxes and indirect taxes have increased significantly over the last decade.
But that is not to say that this would not continue under the Conservative government, although it is the fact that Labour seems to be increasing every other tax except income tax (up until now) so as to "abide by its latest election manifesto".
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