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UK budget freezes carbon tax to cut energy bills

In the 2014 UK budget announcement, George Osborne said that tax on carbon would not increase from 2016 to 2020

The UK government has announced a freeze on the carbon tax for electricity generation in an attempt to lower energy bills. The finance minister, George Osborne, said on 19 March that the country's carbon price support (CPS) - the tax electricity generators pay for carbon - would remain at the 2016-17 level of £18 ($29) per megawatt-hour (MWh) until 2020. This is instead of original plans to increase it to £30/MWh in the same period. The tax freeze is designed to reduce power costs for energy-hungry industries, such as manufacturing, and combined heat and power plants. The government said capping the CPS until the end of the decade could save British businesses up to £4 billion by 2018-19 an

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