U.K. Government Offers Industry Relief on Energy Costs and R&D (update 2)
9:08 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...
Already an IHS Chemical Week member? Login here
Forgot your user ID or password? Click here to have it sent to you.
Click here for 6 months access to the lates news, data and statistics on sustainability. PLUS all the news and analysis from the Chemical Week editorial team updated everyday on IHS Chemical Week