Green taxes DO harm the British economy and let other countries carry on polluting, Vince Cable admits
- Business Secretary said levies on energy were undermining British exports
- He said Lib Dems had to recognise green tax meant pollution was ‘exported’
- Remarks will be seized on by the Tories who have warned of green tax harm
Vince Cable has launched an astonishing broadside against the party’s green agenda, saying that it imposes too high a cost on industry.
The Business Secretary said industries with high energy costs such as steel, are struggling against their international competitors because of soaring electricity costs.
Chancellor George Osborne has given £250million compensation to ‘energy intensive’ industries, but Mr Cable admitted this ‘doesn’t go the whole hog’.
It is a surprise admission from a Liberal Democrat, because the party is passionate about renewable energy which is funded by levies on households and businesses.
Vince Cable today warned Lib Dems not to overlook the fact that pollution could simply be ‘exported’ abroad if green taxes put British companies out of business
Read more: http://www.dailymail.co.uk/news/article-2781433/Green-taxes-DO-harm-British-economy-let-countries-carry-polluting-Vince-Cable-admits.html#ixzz3FNBNbfWM
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