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Issue 569 | Budget 2016

Issue 569 | Budget 2016

Tom Crisp Tom Crisp Editor

Budget 2016 16 March 2016 On 16 March chancellor George Osborne delivered Budget 2016 in the Commons. Among the key announcements were: The allocation of £730mn over the course of the current Parliament for further rounds of contracts for difference auctions for less established technologies The scrapping of the Carbon Reduction; Commitment with increases in the Climate Change Levy to make up the shortfall £50mn of funding to support innovation in new technologies Further tax reductions for the North Sea oil and gas industry E-serve will be split off from Ofgem so that the regulator can focus on promoting competition Budget AnnouncementsEnergy taxes ...

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