How should the next government green the tax system?

The Green Alliance Podcast

Green Alliance

Environment, Uk, Farming, Green Alliance, News, Sustainability, Society & Culture, Government

4.9 • 34 Ratings

🗓️ 27 July 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

The UK tax system is not fit for a net zero, nature positive future. So what needs to change? We hosted an expert panel on 21 June 2023 to discuss how to futureproof the tax system to support the wellbeing of people and the planet. This podcast summarises the event highlights.

Transcript

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0:00.0	Welcome to the Green Alliance podcast. We are the charity and think tank that is all about
0:06.9	achieving ambitious leadership for the environment. I'm Libby Peake, head of resource policy at
0:11.4	Green Alliance. For the past three years, we've been generously funded by the Joseph Roundtree
0:16.2	charitable trust to investigate how the tax system could change to support a low-carbon,
0:21.8	nature-rich economy. We've been looking into this because the tax system could change to support a low-carbon, nature-rich economy.
0:25.9	We've been looking into this because the tax system is a major tool in the government's arsenal when it comes to shaping the world we live in, but its potential to drive a green economy has
0:30.0	barely been tapped into. As it stands, the UK tax system is geared towards a high-carbon economy.
0:35.4	Too often, it rewards polluters and lacks the incentives
0:38.0	that would encourage green alternatives. And on the other hand, the government risks losing
0:42.4	important sources of revenue as industries decarbonize, with no clear plans on how to fix the looming
0:47.8	fiscal black holes. In June, as the final output for our transformed tax project, we held an event
0:53.0	to discuss what needs to change.
0:55.2	I was delighted to be joined on the stage by Peter Foster, public policy editor at the Financial Times,
1:00.0	who chaired the panel, as well as Chris Stark, CEO of the Climate Change Committee,
1:04.2	and Jill Rutter, senior fellow at the Institute for Government.
1:07.3	Here are some of the highlights of a discussion, starting with a bit of background about the project itself.
1:14.4	The Transformed Tax Project actually grew out of some research we did with the University of Cardiff,
1:20.4	which looked into the changes that we, well, how people felt about the changes that we need to see
1:25.2	to have a resource efficient and low carbon economy. And people were really on board with the need to see to have a resource efficient and low carbon
1:27.7	economy. And people were really on board with the idea that we should have resource
1:31.6	efficient, low carbon economy. And they were really quite enthusiastic about those changes
1:35.7	that would not really require much of a change from them and could just sort of deliver
	...

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