Border Adjustment Tax

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The president-elect of the European Commission, Ursula von der Leyen, and Frans Timmermans, soon to be the new climate chief, have both spoken in favour of introducing a carbon tax on the EU’s borders in order to level the playing field for European businesses and also to encourage other regions to take stronger action on…

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British Steel, an icon of the industrial heritage of the very nation that initiated the Industrial Revolution is on the brink of collapse. Its decline since the 1970s has been precipitous and it is now facing the closure of its last plant in Scunthorpe. Carbon taxes have been squarely blamed for driving up costs that…