Windfall levy shouldn’t blow UK’s green ambitions off course. The UK government’s reputation for fiscal competence has taken a hefty blow of late. Jeremy Hunt’s windfall levy on power producers, which kicked in on January 1, might seem to be following in the same track. But, despite the predictable outrage, the tax is designed to avoid the worst of the potholes. It certainly takes a brave chancellor to target the renewables sector. Some solar, wind and nuclear plants may have … read more »
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