In an attempt to limit rising energy costs, the UK Chancellor, George Osborne, used his 2014 budget to announce a reform of the country’s Carbon Price Floor arrangement.
The announcement may not interest the UK consumer as much as cuts in the taxation of beer or bingo, but will it have a real influence on energy prices or the development of the UK's power supply mix? In our view, this is unlikely.
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Insight | Mar 2014
Beer, bingo and cheaper carbon – the UK budget 2014
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