Reform sets out windfall tax on renewables in bid to undo Net Zero

Reform sets out windfall tax on renewables in bid to undo Net Zero
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Reform sets out windfall tax on renewables in bid to undo Net Zero
Author: David Lynch
Published: Feb, 12 2025 17:49

Summary at a Glance

Mr Tice claimed net-zero policies were to blame for the deindustrialisation of Britain, and said a Reform government would propose “probably a generation tax” and a “special corporation tax rate” in order to “recover” the money paid in subsidies to renewable generators.

Reform would abolish the “appalling family farms tax”, which the Government has introduced alongside all inheritance tax, Mr Tice told reporters at a central London press conference.

Giving the example of a project that will see pylons built across East Anglia to connect new wind farms to the grid, Mr Tice claimed burying the power lines would be cheaper, citing an official report.

Richard Tice also claimed the party would impose a “windfall tax” on renewable energy, as he set out Reform’s plans to “undo the effects of Net Zero”.

“So we will impose a windfall tax, whether it’s wind, whether it’s solar, whether it’s Drax power station, which is another massive con and rip-off.”.

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