Mr Osborne said the government is going to make the UK the "best place in Europe" to start, finance and grow a business as he announced a range of measures to boost investment in UK companies.
As well as lowering corporation tax rates, a package of reforms were introduced for enterprise investment schemes (EIS) and real estate investment trusts (Reits) were made easier to set up and more accessible to investors.
In addition, the government announced that it will introduce a carbon price floor for electricity generation from 1 April 2013 to drive investment in the low carbon power sector.
The carbon price floor will start at around £16 per tonne of carbon dioxide and follow a linear path to £30 per tonne in 2020 to drive investment in the low-carbon power sector. The carbon price support rates for 2013-14 will be equivalent to £4.94 per tonne of carbon dioxide.
The government also announces that the initial capitalisation of the Green Investment Bank (GIB) will be £3bn and that it will start operation in 2012-13, a year earlier than previously anticipated.
Government investment alongside private finance should mean that there is in the region of an additional £18bn of investment in green infrastructure by 2014-15 as a result of the GIB.
The Spending Review allocated £1bn for the GIB and the government is aiming for the remaining £2bn to be funded from the sale of assets.
The government will enable the GIB to have borrowing powers from 2015-16 and once the target for debt to be falling as a percentage of GDP has been met. Source www.ftadviser.com For the latest updates PRESS CTR + D or visit Stock Market news Today
Related Post:
Business
- PepsiCo strategic planning 2012
- Best Low Interest Credit Cards 2012
- Why British Airways buy BMI from Lufthansa
- gkn news june 2 2011
- benefits nota Fiscal Eletrônica for companies
- irs file extension - How to File For An Extension
- irs tax extension 2011
- joe battipaglia death, Popular Wall Street Strategist
- study for port neighbours, Environmental, social costs of cruise ship industry outweigh benefits
- can you claim maintenance fees your taxes
- tips to consider before starting up a new business
- Factors to Consider when Starting new business
- What factors you will have to take into account to start the new business
- Ocean Science A Frontal Challenge for Climate Models
- Recent US Treasury Announcement States that Net Present Value Test, Such as United Resources Solutions', Will Ensure a Loan Modification
- angel broking brokerage charges 2011
- product lifecycle management hardware jobs
- St Eugene Commences 2011 Exploration Program at Tartan Lake Mine Project
- best indicator of the coming serious inflation
- inflationary risks european 2011
- Business Matrix for Monday 14 March 2011
- Slower growth predicted for 2011- British Chambers of Commerce
- world's richest people 2011 Canada's rich list Forbes magazine released
- China's consumer inflation in 2011 will reach 5 percent
No comments:
Post a Comment