The Autumn Statement: Bad News for Business – The CRC ("Carbon Reduction Commitment") Gets a Reprieve
5 December 2012
Mayer Brown Legal Update
Contrary to expectation within the business community, the Chancellor has announced in his Autumn Statement that the CRC has been granted a reprieve. At the time of the Budget in the spring, he said that the CRC would be abolished unless ways could be found to simplify the scheme which resulted in significant savings for business.