FISCAL STRATEGY FOR NEW ENERGY EFFICIENT TECHNOLOGIES

Motion Text

That this House notes the Chancellor of the Exchequer's words in the Pre-Budget Report on the need to implement measures to reduce greenhouse gas emissions; is concerned, however, that new and innovative technologies such as passive flue gas retention systems and voltage optimisation technologies do not benefit from the reduced value added tax rate of five per cent.; and therefore calls on the Chancellor to rectify this and also publish a fiscal strategy for assisting with new technologies in his next Budget.