George Osbourne Killing off Britain's renewable energy revolution
Recently in delivering the budget George Osbourne has abolished a key tax break in such a manner that is almost entirely went unnoticed by journalists and environmentalists, which has attracted several hundred millions of pounds of private money to help enhance Britain's green energy future.
Fastened away in the little red book the ROC scheme is the major one. it underlies all solar, wind and other renewable technologies within the UK. The tax breaks had been available to all investors who put money into start-up companies. It's predicted that many funds would have to be handed back to investors if they had not diploid into wind or solar projects by then.
This is a major blow for renewable investment. It comes in just as Britain had started to take European renewable energy targets seriously.
myelectricradiators.com are suppliers of quality electric radiators. We also work hard to keep you up to date with all of the latest news and opinions on the UK energy scene. Contact us now 01423 881167