Government’s support for energy intensive industries is supported by CPI
Chancellor George Osborne has stated that the planet would not be saved by shutting down EII industries, including paper manufacturers, which would lead to the "exporting of valuable jobs out of Britain".
It has been reported that CPI director general David Workman is pleased with the plan to increase the Climate Change Levy discount from 65% to 90% in 2013.
Workman said: "For the first time in many years we have a senior government minister actively proclaim support for manufacturing and EIIs in particular.
"This is very welcome and has come about because of a huge effort by CPI and other industrial bodies in lobbying ministers and civil servants over many months."
Workman has also warned that "There is still a lot of work to do in following up on the detail of the package of measures announced this week, particularly with those government departments which are less well disposed to supporting our cause."
The increase will offset the impact of the Carbon Price Support taxation and will save the paper industry around £19m this year, with additional savings of £6m p.a.
Posted Date: 12th Dec 2011