U.K. to Scrap Climate-Change Levy Exemption, Osborne Says
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The U.K. plans to scrap the climate-change tax exemption for renewable power, Chancellor of the Exchequer George Osborne said Wednesday in his summer budget.
“Now we have a long-term framework for investment in renewable energy in place, we will remove the out-dated climate-change levy exemption for renewable electricity that has seen taxpayer money benefiting electricity generation abroad,” Osborne said in the House of Commons.