MP backs biodiesel tax break project

29 June 2011

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

Producers converting cooking oil into biodiesel presently take advantage of a 20p differential but that is due to 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 variety of small businesses in Cornwall presently generate income from utilized cooking oil".

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

Biodiesel is a blend of standard diesel, rapeseed and vegetable oils.

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