Home Read for free: Recycling Single-use plastics to be taxed according to Reuters

Single-use plastics to be taxed according to Reuters

0
72

Reuters has said that Chancellor of the Exchequer Phillip Hammond is expected to include a consultation on taxing environmentally damaging single-use plastics in his Budget statement later today. 

The single-use plastics include bubble wrap, packaging, polystyrene takeaway boxes and coffee cups. 

According to Reuters, the Treasury has said that the decision would build on the 5p charge for plastic bags, which has resulted in 80% reduction in plastic bag use since 2015. 

The Treasury said: “The Chancellor is expected to announce in the budget that this work will specifically look at taxes and charges to help prevent pollution, and protect the environment.”  

It also said that the consultation will hopefully launch in 2018 and will also consider a deposit return schemes for drink containers.  

Want to read more?If you'd like to access our content, why not take out a 7-day subscription?

To view our premium content, you need a subscription. Why not give us a try with a 7-day subscription and then you can decide if you would like to upgrade to a year?