Rob Marris – 2015 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Rob Marris on 2015-11-09.

To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of business energy taxation on productivity between (a) 2005 and 2010, (b) 2010 and 2015 and (c) 2015 and 2020.

Damian Hinds

‘Fixing the Foundations’, published in July 2015, sets out the government objective of encouraging long term investment in economic capital to boost the productivity of the UK economy. The efficient use of energy can increase the amount of economic output possible for a given level of energy supply, boosting business productivity. A recent HM Treasury consultation, ‘Reforming the Business Energy Efficiency Tax Landscape’ set out proposals to boost business productivity by minimising administrative burdens and addressing perverse incentives to encourage productive long term investment that supports a dynamic economy. The consultation closed on 9 November 2015 and the government will respond to the consultation in due course.