Environment Protection: Taxation

(asked on 20th October 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what plans they have to raise taxes in order to pay for their environmental policies.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 2nd November 2021

The government takes its environmental responsibilities seriously and has published the Net Zero Strategy on how the UK will deliver on its commitment to reach net zero emissions by 2050.

The government has also published the Net Zero Review exploring the key issues and trade-offs as the UK decarbonises. As the Net Zero Review stated, if there is to be additional public spending, the government may need to consider changes to existing taxes and new sources of revenue during the transition in order to deliver net zero sustainably, and consistently with the government’s fiscal principles.

The government keeps all taxes under review, and any changes are made in the round at fiscal events.

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