Qualified advisers answering your
Financial Questions
call 0800 092 1245

Renewable Energy Will Cost UK Taxpayers

As the government stepped forward with plans for a £100 billion green energy revolution in the UK there were hopes that finally the rising cost of living would be tackled by the authorities. Surely the green revolution should see the cost of living fall? Surely this would inject some much needed competition into the energy markets with a new alternative? If only things were that simple.............

At a time when it has never been more expensive to live and work in the UK, Gordon Brown has stepped forward with the begging bowl once more, admitting that taxpayers will be asked to fund his new revolution via higher taxes on gas and electricity supplies. Forecasts from the government indicate that gas prices will rise by over 37% a year and electricity prices by 15% to cover the £100 billion needed to kick start (again) the green revolution.

For those market observers hoping that this new move in the energy markets would see prices fall, they were sadly mistaken. Yet again the government is looking to squeeze the last drop from tax payers in the UK and yet again it is all in the name of the environment. Quite where the green taxes of yesteryear have gone is anyone’s guess.

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