PARLIAMENTARY WRITTEN QUESTION
Environment Protection: Taxation (23 November 2015)
Question Asked
To ask the Secretary of State for Energy and Climate Change, whether the amount in the Levy Control Framework increased when the Carbon Price Floor was frozen in the 2014 Budget.
Asked by:
Matthew Pennycook (Labour)
Asked by:
Matthew Pennycook (Labour)
Answer
The Levy Control Framework cap was not adjusted in response to the freezing the Carbon Price Floor in 2014 Budget. The Carbon Price Floor is a policy led by HM Treasury. In the 2014 Budget, the Carbon Price Support, the mechanism by which the carbon price floor is delivered, was capped at £18/tCO2 until 2019/20. DECC analysis on projected levy expenditure under the Levy Control Framework to 2020/21 reflects these rates.
Answered by:
Andrea Leadsom (Conservative)
30 November 2015
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