1 MP Backs Biodiesel Tax Break Campaign
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MP backs biodiesel tax break campaign

29 June 2011

Liberal Democrat MP Andrew George is backing a campaign to keep tax breaks for business who produce biodiesel.

Producers transforming cooking oil into biodiesel presently benefit from a 20p differential however that is because of end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been consulting with the UK sustainable biodiesel alliance.

Mr George stated "a number of little businesses in Cornwall presently make cash from used cooking oil".

He added: "In order to be able to get this sort of industry going it does require just a bit of lift which is available in the kind of tax foregone."

Biodiesel is a mix of traditional diesel, rapeseed and veggie oils.

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