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Foreign energy firms pressured ministers to keep wind farm subsidies high
A senior Whitehall source disclosed that the government was effectively railroaded into making its decision by foreign companies which make hundreds of millions of pounds a year in wind subsidies, which are added to household bills.
Company chiefs were alarmed by claims that the coalition dispute was set to drag on into the autumn, sparking uncertainty across the industry.
July 29, 2012
by Patrick Hennessy
in The Telegraph
Frantic-behind-the-scenes lobbying played a key role in last week's surprise decision to stick to cuts in subsidies of just 10 per cent rather than the 25 per cent reductions demanded by more than 100 Conservative MPs.
The announcement by Ed Davey, the Liberal Democrat Energy Secretary, followed wrangling between his department and the Treasury and was presented as a big political "win" for his party - although he was forced to make other concessions on energy policy.
However a senior Whitehall source disclosed that the government was effectively railroaded into making its decision by foreign companies which make hundreds of millions of... [continue via Web link]
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Tax Breaks & Subsidies
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UK
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