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Spring Budget 2017: Implications for Power & Utilities
Spring Budget 2017: Implications for Power & Utilities
The Chancellor of the Exchequer, Philip Hammond, announced the 2017 Spring Budget this morning. As announced at the Autumn Statement in 2016, this will be the last Budget to take place in the spring as Budgets will now only be delivered in the autumn.
A number of key energy policy decisions and announcements have been further delayed.
Summary
- Decisions delayed on future of the Carbon Price Floor
- Levy Control Framework (LCF) – further details on a newset of controls ‘later in the year’;
- Consumers and Markets Green Paper, which is likely tocover energy, to be published ‘shortly’;
- Industrial Strategy Challenge Fund provides boost forelectric and autonomous vehicles;
- Corporation tax rate cut to 17% by 2020 confirmed, withsome small changes to the planned changes to interestdeductibility and loss relief.
Download our PDF to read our insight and analysis of the Spring Budget and its implications on the Power and Utilities sector.
