Hard-sell green tax reform 'would boost UK jobs'

Shifting the tax burden away from labour to polluters in the UK would slash emissions and create nearly half a million jobs, according to a report released on Monday by the Green Fiscal Commission.

More than doubling revenues from environmental taxes by 2020 from the current 7% share in overall taxation "would be economically sensible and environmentally effective", the green thinktank suggests.

But it warns that the political support needed to implement such a reform is lacking. At EU level, a recent meeting of environment ministers highlighted a similar reluctance to embrace fiscal reform.

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