THE BUDGET 2016

摘要

On 16 March chancellor George Osborne delivered Budget 2016 in the Commons. Among the key announcements were: 1. the allocation of £730m over the course of the current Parliament for further rounds of Contracts for Difference auctions for less established technologies; 2. the scrapping of the Carbon Reduction Commitment with increases in the Climate Change Levy to make up the shortfall; 3. £50m of funding to support innovation in new technologies; 4. Further tax reductions for the North Sea oil and gas industry; and 5. E-serve will be split off from Ofgem so that the regulator can focus on promoting competition.