Advertisement
UK markets open in 7 hours 51 minutes
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • CRUDE OIL

    82.79
    -0.02 (-0.02%)
     
  • GOLD FUTURES

    2,329.80
    -8.60 (-0.37%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,291.29
    -1,790.15 (-3.37%)
     
  • CMC Crypto 200

    1,383.63
    -40.47 (-2.84%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

Britain to freeze carbon tax at 18 pounds/tonne for 2021-22

LONDON, March 11 (Reuters) - Britain's carbon tax will continue to be frozen at 18 pounds ($23.32) per tonne until April 2022, government budget documents showed on Wednesday.

Britain introduced the tax in April 2013 as a part of its efforts to reduce emissions and meet its climate targets, by making polluting fossil fuel power production more expensive.

($1 = 0.7719 pounds) (Reporting By Susanna Twidale; Editing by Toby Chopra)