The Chancellor of the Exchequer Philip Hammond is set to launch a public consultation on how the tax system can be used to reduce single-use plastics, according to Sky News.
Within the November Budget, the Chancellor announced plans to use the tax system to support the Government’s goal of eliminating avoidable plastic waste by 2042.
According to Sky News, he will also reveal a £20m innovation fund for businesses and universities to create new technologies to help achieve this target.
The Chancellor said: “Single-use plastics waste is a scourge to our environment. From crisp packets to coffee cups, each year the UK produces millions of tonnes of waste which is neither recyclable nor biodegradable.
“We are determined to create an environment that is fit for future generations. By working with industry, innovators and the public I am confident we can bring about real change.”
This comes after the Government’s refusal to back calls for a 25p “latte levy” of disposable coffee cups.
The Chancellor will use his first Spring Statement on Tuesday to call for evidence on how to reduce damaging waste, and the new plastic innovation fund, which is also expected to be announced on Tuesday, say Sky News, is expected to be one of the few spending policies in his statement.