MPA presses Government to freeze Aggregates Levy
Published by Rebecca Bowden,
Assistant Editor
World Cement,
The MPA is pressing the Government to continue to freeze the Aggregates Levy at its current rate of £2.00 per t.
With construction out put likely to flatten and the need to stimulate growth, the MPA have stressed that the Government should continue to freeze the existing aggregates levy as it is the wrong time to increase the costs of the construction supply chain.
The MPA believes that the Government should also extend the aggregates levy to include the aggregates content of imported materials such as concrete products, which currently have an unacceptable advantage over UK producers who are subject to full aggregates levy costs. This places an unreasonable burden on UK businesses.
Between 2001 and 2015, the identified imports of concrete products increased from £29.7 million to £207.3 million and the trade balance for these materials declined from a surplus of £55.4 million to a deficit of £152.9 million.
The MPA also believes that the Government should introduce a New Aggregates Levy Community and Biodiversity Fund in England using a small proportion of aggregates levy revenue to support local community initiatives in quarrying areas.
Read the article online at: https://www.worldcement.com/europe-cis/19012017/mpa-presses-government-to-freeze-aggregates-levy/
You might also like
World Cement Podcast
Alfie Lloyd-Perks sits down with Christopher Ashworth, President of FLSmidth Cement, for a discussion covering: the journey to decarbonisation, the importance of partnerships and collaboration, the role of digitalisation, and more...
GCCA announces the launch of Low Carbon Ratings (LCR) for cement and concrete
The Global Cement and Concrete Association (GCCA) announces the launch of Low Carbon Ratings (LCR) for cement and concrete – a first-of-its-kind transparent global rating system that will enable cement and concrete to be identified based on their carbon footprints.
