7. UK Budget 2018
And here’s the big, big one for all of us. Philip Hammond has announced the 2018 Budget. If you are really keen and want to read the whole thing, click here. If you want the BBC’s helpful summary, click here. For the environmental highlights, read on!
Single Use Plastics Tax
New Tax Alert! From April 2022 and pending a consultation with industry, there will be a tax on all plastic packaging that does not contain a minimum of 30% recycled plastic. They’re hoping this will incentive manufacturers to create more sustainable packaging. Where will the money raised through the tax go? Unclear as of yet, but we are told the money will go to “address single-use plastics, waste and litter.”
Packaging Producer Responsibility System Reform
The ‘how’ of this is not yet completely clear, but the Government has included their aim to increase producer responsibility and will incentivise manufacturers to design packaging that is easier to recycle and penalise the use of the those that aren’t.
Are they moving forward with the Latte Levy?
Still no. The Government is looking to business and industry to turn the tide toward reuse. Unless they don’t, and then the Government will intervene. Otherwise, we’ll be hearing more about how they endeavor to tackle cup waste in the upcoming Resources and Waste Strategy. Essentially, Government has told us to watch this space. So, we will!
Other Eco Relevant Uses of Budget
Tree Planting – To combat carbon emissions and support wildlife, the Government will support the planting of 10 million trees and will provide £10 million for urban tree planting as well.
Abandoned Waste Site Clearance – £10 million will go to help the Environmental Agency clear the worst abandoned waste sites in local communities.
Avoiding Food Waste- £15 million will go to charities and other organisations to help distribute the surplus food generated to minimise food waste.
Plastics and Waste Innovation Funding – And the star of the show: plastics! £20 million will go to the plastic and recycling efforts: £10 for plastics R&D and £10 for innovation in recycling and litter prevention.
What does this mean for you: We’re certain it’s a lot. But until the consultation takes place and the final decisions are taken, we won’t know exactly how this will impact you or us. The good news is that if you’d like to preempt the changes and start using compliant products that already use 30% or more recycled material, you can find that in our Revive range. In any case, this all represents some significant upcoming changes in the industry, we’ll keep you up to date as we learn more. For now, start taking a critical eye to the plastics your business uses and if you’d like some support to consider sustainable alternatives on the food/drink packaging side of things, give us a shout at email@example.com or 0207 471 3700 – we’re here to help.