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Budget 2011: environment

Speed read

George Osborne used last week’s Budget to tell us that this would be the greenest government ever. He also warned that more of the UK’s tax revenues will come from environmental taxation in the future. The UK is the first country in the world to introduce a carbon price floor, but will it be enough to decarbonise the UK’s energy supplies? The price floor may be a revolutionary departure but the Budget otherwise made only small changes to the environmental tax regime.

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