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Climate Change Levy

Question for HM Treasury

UIN 213683, tabled on 6 November 2014

To ask Mr Chancellor of the Exchequer, how revenue raised by the Climate Change Levy was spent in the last year.

Answered on

18 November 2014

The Government considers that hypothecation, or “earmarking” revenues for a particular spending purpose, is an inefficient way to manage the public finances. Like all Government receipts, revenues are remitted to the consolidated fund to support general expenditure. This allows the Government to allocate resources most efficiently across the economy.

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