fromwww.theguardian.com
1 day agoUK and EU poised to strike deal sparing British business from carbon border tax
The EU is introducing a carbon border adjustment mechanism (CBAM) on 1 January targeting imports produced using carbon-intensive methods, such as steel, glass and fertiliser. Businesses have been concerned about the impact of the EU tax on UK consumer bills and the prospect of cheap goods originally destined for Europe, such as Chinese steel, flooding the British market. The UK is introducing its own version of the tax but not until 2027.
Europe politics