Local MP Stewart Jackson this week welcomed the proposals for new
‘Green Individual Savings Accounts’. These will allow the public to
save money without paying tax on the interest, up to a certain
Under the new Conservative plans,
there would be a generous tax-free savings allowance for the new
Green ISA, over and above the current £7,000 for stocks and shares
ISAs. There would be clear criteria for firms to obtain a green ‘kitemark’,
enabling them to qualify for investment under the Green ISA. This
would create a major incentive for local and national businesses to
curb their emissions and adopt greener technologies and practices.
This proposal follows Conservative
plans to reward people for installing green energy, such as solar
panels or mini-wind turbines. Energy companies would pay local firms
and householders for the green electricity that they produce.
Low-carbon energy is not only eco-friendly, but helps save people
money – at a time of hikes in gas and electricity bills.
Stewart commented: “Instead of
Labour’s approach of punishing families with ever higher taxes, we
should be using incentives to encourage people to go green and
invest in eco-friendly technology. Encouraging people to invest in
green companies has a double benefit – helping the environment, and
rewarding people for saving money responsibly.”
Jackson was elected in May 2005 to represent the
Peterborough constituency in the House of Commons.
To find out more about him, his views and activities, visit his
Community Website - January 2008