George Osborne"s summer budget included no full-scale review of the Levy Control Framework (LCF), but did remove an exemption for renewables from the Climate Change Levy. COP21 summit in Paris, where Osborne today said the government would push for a global climate deal to limit global warming at 2 degrees. Osborne said the government would "continue to promote the low carbon investment and innovation" required to combat climate change and that it would focus on "the best value for money policies". The chancellor also announced a new £1bn fund aimed at helping businesses invest in low-emission technologies.
George Osborne"s summer budget included no full-scale review of the Levy Control Framework (LCF), but did remove an exemption for renewables from the Climate Change Levy. Osborne said the government would "continue to promote the low carbon investment and innovation" required to combat climate change and that it would focus on "the best value for money policies". The chancellor also announced a new £1bn fund aimed at helping businesses invest in low-emission technologies.