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Budget 2023: Chancellor of the Exchequer, Jeremy Hunt, says it’s time for a ‘Clean Energy Reset’ as he announces £20bn investment into UK carbon capture and storage (CCS) and a...
The UK oil and gas industry has welcomed some of the measures announced by the Chancellor in today’s Budget, adding that now close cooperation with the sector is essential to...
Worcester Bosch has met with the chancellor of the exchequer, Sajid Javid MP, to present its developments in low-carbon heating technology. (l-r) Robin Walker MP, Sajid Javid MP and Carl...
...to the UK’s 1.25 million oil heating customers The Federation of Petroleum Suppliers (FPS) has called on chancellor Philip Hammond to use his Autumn Statement later this month to recognise...
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Chancellor Rishi Sunak has announced a cut to fuel duty effective from midnight tonight. Unveiling his spring statement in the Commons, the chancellor announced that the cut in fuel duty...
Industry bodies have issued a call for the Chancellor to use his Autumn Statement to correct the disparity on duty between renewable liquid fuels and fossil fuels when used for...
In next week’s budget, new chancellor, Rishi Sunak, is looking to abolish the 80% red diesel subsidy which presently carries 11.1p duty, compared to 57.7p for standard fuel. ‘At the...
The chancellor George Osborne scrapped the 3 pence per litre rise in fuel duty scheduled for this January. The decision not to increase the tax was confirmed by Osborne in...
...after the Chancellor cut fuel duty by 5p a litre. Fuel technology specialists SulNOx Group Plc said the move to end the rebate on red diesel would hit consumers in...
...the global hydrogen economy.” George Kieffer, chairman, Freeport East Project Board, said: “We are delighted to have been chosen by the Chancellor as one of the first new Freeports in the...
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Following pressure from industry trade groups, the cancellation of a planned rise in fuel duty announced by the Chancellor Rishi Sunak in the recent budget was welcomed across the sector....
...why we urged the Chancellor to bring in investment measures for the UK biofuels industry in the budget.” “The lack of support for home energy efficiency improvements such as insulation...
Derek Leith, EY’s global oil and gas tax leader comments on today’s Budget: “It would be an unusual Budget if the Chancellor didn’t find some space for an oil and...
The chancellor could achieve a quick win amongst rural voters by scrapping the tax on renewable liquid heating fuels in his upcoming budget. That’s the message from industry bodies UKIFDA...
...significance was not discussed in the Chancellor’s fiscal statement made in the House of Commons earlier, and is concerned about the potential impact of its introduction: “Logistics is at the...
A leading UK heating oil distributor is backing the call for the Chancellor to slash the tax on renewable liquid heating fuels. Fuel distributor, WCF, is a member of the...
...not only bad for the economy, but potentially disastrous for the environment. Financial experts have warned that new Chancellor Jeremy Hunt faces ‘scary’ decisions on spending after undoing swathes of...
...net zero emissions by 2050, Chancellor Rishi Sunak committed in his 2020 Budget to the removal of the red diesel subsidy for most sectors. With very few exceptions, users of...
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