Britain to tax non-recycled plastic packaging
The measure, to be introduced in April 2022 subject to consultation, is an attempt to reduce waste and help tackle climate change.
"We will introduce a new tax on the manufacture and import of plastic packaging which contains less than 30 percent recycled plastic transforming the economics of sustainable packaging," Hammond announced as part of his annual budget.
"The tax will provide a clear economic incentive for businesses to use recycled material in the production of packaging which in turn will create greater demand for this material," the Treasury said, following Hammond's announcement. ■