The Government wants more money, but where does it come from? The oft suggested rise in capital gains tax (CGT) seems a favourite given the rhetoric, but could it actually stall the Party’s pledge of green investment?
The Telegraph has reported that Stefano Sommadossi, chief executive of NatPower UK, thinks so.
Th head of Britain’s biggest battery storage developer has said that investors are stalling while until Rachel Reeves makes her autumn statement and there is more clarity.
For any investor looking to fund major infrastructure it would indeed be strange to commit whilst the risks are so uncertain. If the CGT is raised too high or without green exemptions, then Ed Miliband’s net-zero pathway will need to rerouted and investment will find more friendly country to reside in.
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