Skip to main content

Written question asked by Mel Stride (Conservative) on Thursday, 16 April 2026, in the House of Commons. It was due for an answer on Wednesday, 22 April 2026 (named day). It was answered by Dan Tomlinson (Labour) on Wednesday, 22 April 2026 on behalf of the Treasury.


Carbon Emissions: Taxation

Question

To ask the Chancellor of the Exchequer, with reference to the Written Statement of 16 April 2026 on Carbon Price Support, HCWS1519, what estimate her Department has made of the cost to tax revenues of abolishing Carbon Price Support in each financial year for which estimates are available; and what steps her Department is taking to fund this policy change.

Answer

As the grid continues to decarbonise, the Carbon Price Support (CPS) tax base will become smaller and CPS revenue is forecast to significantly decline.

Final costings will be confirmed at a fiscal event in the usual way. The Chancellor will set out details on how this, and any other decisions, are funded such that the fiscal rules are met at the Budget in the usual way.


Secondary information

Type
Written question
Reference
127797
Session
2024-26
Related items
Carbon Price Support
Thursday, 16 April 2026
Written statements
House of Commons
Subjects
Carbon emissions Taxation
Contains statistics
Yes
Link
View this Written question on www.parliament.uk