* * *
Budget 2004 Summary
Prudence for a purpose: A Britain of stability and strength
HM Treasury logo
* * * *
*
* * *
*
* *
Protecting the environment

The Government believes that economic growth and social progress must be achieved while protecting the environment to ensure a better quality of life for current and future generations. To protect and improve the environment, Budget 2004 announces:

  • from 1 September 2004, duty rates on sulphur-free fuels will rise in line with inflation. The duty rate for ultra-low sulphur fuels will be set at 0.5 pence per litre above this level from the same date, to promote the use of the cleaner sulphur-free fuel. Vehicle excise duty rates are frozen;

  • measures to promote household energy efficiency, including reduced rates of VAT for energy-efficient products and incentives for landlords to invest in the energy efficiency of rented housing; and

  • reforms to climate change agreements which will increase the number of businesses which take part, and a freeze in the rate of the climate change levy.

*Back to top