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 transforming cooking oil into biodiesel currently 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 actually been with the UK sustainable biodiesel alliance.

Mr George said "a number of small businesses in Cornwall presently make money from used cooking oil".

He included: "In order to be able to get this type of industry going it does need simply a bit of lift which is available in the form of tax inescapable."

Biodiesel is a mix of traditional diesel, rapeseed and vegetable oils.

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