- Thursday, 29 October 2009A green tax levied on utility bills could result in an increase in the number of people seeking information on
individual voluntary agreements (IVAs) because of additional strains on personal finance.
The Green Fiscal Commission-supported tax initiative, which would see consecutive tax increases on both gas and electricity bills over the next ten years, has faced criticism as a result of its potential impact on consumers.
Rebecca Atkinson, news editor at Moneywise, said that the levy could potentially hurt a number of UK citizens, regardless of whether they supported the government's wider green initiatives or not.
She commented: "Most households saw their utility bills rocket last year - a time when many could ill afford to pay more for their energy usage. A move like this would hurt the majority of people, regardless of their green credentials."
The proposed tax would form part of the carbon reduction targets laid out by the government for 2020.
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