Cameron Scored ‘Own Goal’ With Solar Subsidy Cuts, CBI Says
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Prime Minister David Cameron’s government scored an “own goal” by cutting subsidies for solar energy four months earlier than planned, the U.K.’s biggest business lobby group said.
John Cridland, director general of the CBI, said executives have lost trust in the administration after the decision on Oct. 31 to reduce the subsidy as much as 55 percent beginning on Dec. 12. Ministers previously said the current rate would be paid until April 2012.