Tories vow to scrap carbon taxes for businesses

The Conservative Party has pledged to scrap carbon taxes on UK businesses if it got elected.

Leader Kemi Badenoch said the taxes, including the UK Emissions Trading Scheme (ETS), were contributing to deindustrialisation.

"We all want to leave a better environment for the next generation, but it is madness to pursue that goal by killing British industry and fatally weakening our national resilience,” she said,

However, Labour said the move would be a backward step and the Energy and Climate Intelligence Unit think-tank stressed businesses would still face carbon charges from the European Union.

The UK ETS was introduced in 2021 to replace a similar European scheme following Brexit.