Is giving away the UK’s revenue from tracking taxes unfair state aid?

Posted on

I noted recently the UK's inadequate tax response to energy issues, having frittered the revenues of North Sea oil away, and now planning to forsake much of the revenue from 'fracking' before it even hits the Treasury's coffers.

In that context I was pleased to note the Guardian reporting that:

European Greens consider challenge to UK tax breaks for shale gas drilling

The context is that the Greens think the UK government is undermining necessary progress towards renewables and that is that context low tax rates for racking constitute unjustified state aid.

These arguments are complex. I cannot judge whether there is a good case or not: I simply have not given it the time to do so. but I am pleased to see that the issue is being raised. It is wholly appropriate that it is.