#GreenCash
By Paul Homewood
https://notalotofpeopleknowthat.wordpress.com/2015/03/30/green-levies-to-treble-by-2020/
Yesterday I picked up on the Telegraph report that green levies were due to treble to £9.4 billion a year by 2020, according to the OBR, the Office for Budget Responsibility.
As promised, I have been in touch with the OBR to clarify the numbers, and it turns out that the costs will actually be a good deal higher!
First, the OBR have confirmed that the £9.4 billion figure is the nominal value, i.e. at 2020 prices, not at today’s prices. The OBR assumptions show a rise in CPI of 10% between now and 2020, so at today’s prices the £9.4 billion equates to £8.5 billion. (I hope this makes you feel better!).
Unfortunately, though, that is the only bit of good news. The £9.4 billion figure is the cost of what the OBR describe as “Environmental Levies”. These are analysed as :
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