Britain's Green taxes to stymie job creation



An onslaught of punitive environmental taxes is to be unveiled next year in a drive to turn Britain into a “low carbon economy”. Lib Dem Energy Secretary Chris Huhne will spearhead the green tax plans on business and households in an attempt to shift the burden of tax from income and profits to production and consumption.

But the move last night raised fears of sharp hikes in energy bills plus petrol and diesel prices, adding to costs for firms already struggling in the fragile economic climate. The blitz was signalled in an economic growth discussion paper ministers released earlier this week.

Green revenues accounts for about 8.1 per cent of taxes. But Mr Huhne wants green tax receipts, up £500 million last year at £39.5 billion, to hit £50 billion within five years.

Supermarket chain Morrisons said: “We would like to build more stores and employ more people. “But this is not going to help growth.”

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