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 campaign to keep tax breaks for business who produce biodiesel.

Producers converting cooking oil into biodiesel currently benefit from a 20p differential however that is due to end next April.

The St Ives MP, who leads the Lib Dem Environment Team, has actually been meeting the UK sustainable .

Mr George stated "a variety of small companies in Cornwall presently earn money from utilized cooking oil".

He added: "In order to have the ability to get this type of market going it does require just a bit of lift which comes in the kind of tax inescapable."

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

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