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CCUS, hydrogen and e-fuels among projects to share in £31m government funding

Transcripts for BBCNEWS BBC News 20220323 14:40:00

previous more in the last two years than any previous chancellor in the last 50. he says previous chancellor in the last 50. he says it previous chancellor in the last 50. he says it is previous chancellor in the last 50. he says it is all down to the pandemic, but the truth is the conservatives have become the party of high conservatives have become the party of high taxation because they are the party of high taxation because they are the party of low growth. let s get some reaction now. one of the measures the chancellor announced was a 5p cut on fuel duty per litre, lasting until march next year. rod mckenzie is from the the road haulage association the trade body and training provider representing thousands of road haulage, coach, and van operators across the uk. thank you forjoining us, remind us what you had asked for? taste thank you forjoining us, remind us what you had asked for? thank you forjoining us, remind us what you had asked for? we had asked for three thin

Transcripts for BBCNEWS Breakfast 20220329 05:44:00

exactly like you get in the forecourt but it is dyed red and sold on to registered users at a lower rate of tax. the idea is to stimulate those businesses, give them a subsidy. it s essentially the same as the diesel you buy at the forecourt, but it s dyed red and can only be bought from registered sellers for approved uses. that s because the government charges less tax on red diesel via a rebate making it a lot cheaper than normal fuel. as a result, it s used in a lot of commercial kit. but the government says red diesel is responsible for ia million tonnes of emissions a year, which it wants to reduce to help meet its net zero 2050 target. fuel duty for red diesel isjust 10p per litre, compared to standard diesel at 53p per litre. from friday, 1st of april, companies will have to pay full fuel duty, unless they re exempt. there are exemptions for business in agriculture, horticulture, fish farming and forestry, as well as some others, but red diesel is only approved for specifi

Transcripts for BBCNEWS Breakfast 20220329 05:01:00

there is another blow to business as the use of red diesel, paid at a reduced rate of tax is restricted. the government says it will make for cleaner agribusinesses say it will force some to close. cleaner agribusinesses say it will force some to close. much colder air starts to creep force some to close. much colder air starts to creep into force some to close. much colder air starts to creep into scotland. - force some to close. much colder air starts to creep into scotland. ap - starts to creep into scotland. ap more starts to creep into scotland. ap more showers. all the details here on breakfast. a view more showers it s tuesday, the 29th of march. a service of thanksgiving for the life of the duke of edinburgh, who died last april, is taking place at westminster abbey this morning. buckingham palace has indicated a last minute decision will be taken as to whether the queen will be able to attend. here s our royal correspondent, daniela relph. it will be just as he d w

Transcripts for BBCNEWS Breakfast 20220329 05:43:00

you for your time on breakfast. thank you, sir. you for your time on breakfast. thank you, sir. it is 6:42am. now onto a subject thank you, sir. it is 6:42am. now onto a subject we thank you, sir. it is 6:42am. now onto a subject we have thank you, sir. it is 6:42am. now onto a subject we have spoken i thank you, sir. it is 6:42am. now. onto a subject we have spoken about over the last few months. fuel bills are set to soar for some businesses from friday, as the government changes the rules around the use of red diesel. the fuel is taxed at a much lower rate than standard, but the types of businesses that are allowed to use it are being restricted. nina has more. good morning. it is looking beautiful in lancashire this morning. i am beautiful in lancashire this morning. iam in beautiful in lancashire this morning. i am in rossendale, beautiful in lancashire this morning. iam in rossendale, a plant hire site. behind me you can see loaders, tractors, diggers, excavators, everythi

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