Policy Zone

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Windfall tax is not the answer

26/08/08 | 16:40

Commenting on the windfall tax petition organised by the pressure group, Compass, and signed by 80 MPs, Chris Hannant, Acting Director of Policy, British Chambers of Commerce, said: “A windfall tax would be a knee jerk reaction that will only serve to create instability in the market and deter vital investment into the UK’s energy industry. Taxation should be stable and transparent.

The use of arbitrary taxes should never be encouraged – longer term they create uncertainty and harm the economy. ”

Ends

Media Contacts:

Fiona Cunningham
Tel: 020 7654 5812
Email: f.cunningham@britishchambers.org.uk

Sam Turvey
Tel: 020 7654 5813
Email: s.turvey@britishchambers.org.uk

Notes to Editors:

The British Chambers of Commerce (BCC) is the National Voice of Local Business.
The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce serving business across the UK, which employ over five million people.

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