Cutting back on carbon spending
Ways to cut public spending and reduce support for a high carbon economy
The government could slash £12 billion off the national debt through a package of public spending cuts and the abolition of tax allowances that promote growth in carbon emissions, according to a new report published today by the think tank Green Alliance .
http://www.greenalliance.org.uk/uploadedFiles/Our_Work/Cutting%20back%20...
The report highlights that:
· reducing public sector energy and fuel consumption might save £1.5bn over four years, especially if the Ministry of Defence can also cut some of the costs of the logistics of transporting and protecting its fuel supplies;
· a two year moratorium on road expansion would save £2.4bn over two years;
· the roads budget could be cut by a further £2.8bn once the appraisal methodology was reformed;
· abolishing allowances against Petroleum Revenue Tax and the Climate Change Levy could save £2.9bn;
· abolishing zero-rating of VAT for aircraft and ships could save £2.2bn.
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