Two in three voters in the UK support tax rises to pay for measures to mitigate the climate crisis, exclusive new polling for The Independent has found. Chancellor Rishi Sunak is under pressure to avoid tax hikes from Conservative MPs sceptical of the government’s net zero plans as he prepares to deliver his Budget on Wednesday. But the idea of raising taxes to deal with the climate emergency has widespread support from the British public, a survey by Savanta ComRes has revealed.
Independent 24th Oct 2021 read more »
More than a third of companies believe that the chancellor should increase taxes to tackle greenhouse gases as part of “a carrot and stick” approach to driving the transition to net zero. A survey of more than 1,000 businesses by EY released days before Rishi Sunak delivers his third budget found that 39 per cent of respondents thought taxes should go up to raise the cost of emissions. Last week the government set out its blueprint for reaching net zero carbon emissions by 2050. Analysis released by the Treasury showed that Britain faces a £37 billion-a-year black hole as revenues from fuel duty disappear.
Times 25th Oct 2021 read more »