Yesterday Guido revealed that Brown’s insulation programme will most likely take around 10 years to complete. And today, the FT’s blog suggests that energy companies will be able to offset some of the costs of the energy package against their tax bills. In effect, that means that – rather than paying £1 billion towards the cost of the measures – they’ll probably face a bill of around £655 million. News, surely, that will aggravate those in the Labour Party who thought the companies had got off lightly enough as it was.
Peter Hoskin
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