IHS Chemical Week

People & Business :: Energy and Feedstocks

U.K. Government Offers Industry Relief on Energy Costs and R&D (update 2)

10:59 AM MST | November 29, 2011 | Alex Scott

The U.K. government says it will provide a reported £250 million ($390 million) in tax relief and compensation to energy intensive companies faced with higher costs from its national carbon tax, and also extend its R&D tax credit to larger companies. The two areas of relief for industry were tabled today by the U.K.government as part of a broad package of financial policies in its Autumn Statement.  Responding to the U.K. announcement, Steve Elliott, CEO of the Chemical Industries Association (CIA; London), said this afternoon that government...

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