UK faces job losses as businesses threaten to flee abroad to escape green energy levies
British industry's ability to compete with companies overseas is under threat from punitive green energy costs, the new president of the CBI has told The Sunday Telegraph.
Robert Mendick, Edward Malnick and Andrew Cave, UK Telegraph
Sir Roger Carr warns in an interview that the Coalition must give "some sort of support" over rising energy costs to UK manufacturers or else risk seeing businesses relocate abroad with the consequential loss of jobs.
"Not every country in the world has the same commitment to climate change [as the UK] and therefore you may feel commercially disadvantaged," Sir Roger says, adding: "That gives you cause for thought as to where you want to invest." His comments – ahead of a CBI energy conference on Tuesday – come amid growing concern over the cost of renewable energy subsidies and so-called 'green stealth taxes'.