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Treasury plots carbon tax raid on imports

The Treasury is plotting a new tax on imports from countries with high carbon emissions as part of a scramble to protect British industry from efforts to go green.

Treasury plots carbon tax raid on imports
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Ministers are considering bringing in carbon border taxes to make sure UK businesses who face high domestic carbon costs are not undercut by cheap imports.

Products affected are initially likely to include raw materials such as steel, but the tax could eventually be extended to the likes of cars and refrigerators - ultimately driving up bills for consumers.

Read more at Yahoo Finance

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