Osborne 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. George 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 removal of renewable energy’s exemption from the Climate Change Levy was also revealed, with the government stating that the decision was to “correct an imbalance in the tax system” and “helping ensure support for low carbon generation provides better value for money for UK taxpayers”. The Telegraph budget is rumoured to have run away under coalition rule and forecasts from market intelligence firm Cornwall Energy and the the Levy Control Framework suggested it could record an overspend of between £1.5 billion and £2 billion by summer .
Osborne 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. George 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 Telegraph budget is rumoured to have run away under coalition rule and forecasts from market intelligence firm Cornwall Energy and the the Levy Control Framework suggested it could record an overspend of between £1.5 billion and £2 billion by summer .