Written Question·Treasury·UIN 14289
Food: Prices
Tabled: 14 November 2024
Answered: 22 November 2024
Question
Tim Farron
Liberal Democrat — Westmorland and Lonsdale
To ask the Chancellor of the Exchequer, with reference to paragraph 5.81 of the Autumn Budget 2024, published on 30 October, what assessment she has made of the potential impact of the carbon border adjustment mechanism on food prices.
Answer
James MurrayThe government will introduce the UK Carbon Border Adjustment Mechanism (CBAM) on 1 January 2027, as first announced in December 2023.The UK CBAM will ensure highly traded, carbon intensive products from overseas face a comparable carbon price to those pr...
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