1 MP Backs Biodiesel Tax Break Campaign
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MP backs biodiesel tax break project

29 June 2011

Liberal Democrat MP Andrew George is backing a project to keep tax breaks for business who produce biodiesel.

Producers converting cooking oil into biodiesel presently benefit from a 20p differential but that is because of end next April.

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

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

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

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

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