Levy raises concern over competitiveness
Language: English Series: Financial Times ; 10 March 1999, 3(1)Publication details: 1999Subject(s): Summary: The government announced an energy tax on businesses in the Budget. It is expected to raise at least £1.75bn in its first full year, from April 2001. This will be fully offset through cuts in employer's national insurance contributions from 12.2% to 11.7%. The levy will be paid by energy suppliers who will pass it on to industrial and commercial customers.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3510-64 (Browse shelf(Opens below)) | 1 | Available | 91995-1001 |
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The government announced an energy tax on businesses in the Budget. It is expected to raise at least £1.75bn in its first full year, from April 2001. This will be fully offset through cuts in employer's national insurance contributions from 12.2% to 11.7%. The levy will be paid by energy suppliers who will pass it on to industrial and commercial customers.