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 to keep tax breaks for business who produce biodiesel.

Producers transforming cooking oil into biodiesel presently gain from a 20p differential however that is due to end next April.

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

Mr George stated "a variety of small companies in Cornwall presently generate income from used cooking oil".

He added: "In order to be able to get this kind of industry going it does need just a little bit of lift which comes in the form of tax inevitable."

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

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