Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Wednesday, 30 March 2011. It occurred during Ministerial statement on The Budget.
The Budget
I have certainly seen the representations made on the carbon price floor. As the hon. Lady knows, it was subject to a full consultation before the decision to do it was taken. It is important that we are the first country in the world to put in place a floor price for carbon, because that is necessary to provide the continued support over the next few years, and building up over the years, for low-carbon industries, especially power generation. I know that that is considered to be an important potential opportunity for Wales, and I hope that in that context, it would be welcomed. I also hope that energy-intensive industries, such as the one that she has described, would welcome the fact that we have extended the climate change agreement regime, which applies to that sector among others, and extended from 65% to 80% the relief from the charges that are part of that scheme.
Secondary information
- Type
- Proceeding contribution
- Reference
- WGC c8
- Session
- 2010-12
- Chamber / Committee
- House of Commons Grand Committees
- Subjects
- Corporation tax Credit Income tax Excise duties Fuels Government assistance Economic policy Manufacturing industries Public expenditure Small businesses Wales Tax allowances Tax rates and bands Welsh Government Enterprise zones Budget March 2011
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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