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Beer, bingo and cheaper carbon – the UK budget 2014

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Report summary

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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    Beer, bingo and cheaper carbon – the UK budget 2014

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  • Modelled carbon price support (CPS) rates
  • UK power supply mix

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