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UK's Sunak plans carbon emissions tax to help rebuild economy - The Times

Oct 9 (Reuters) - British Finance Minister Rishi Sunak is planning for a UK-wide carbon tax that could raise billions of pounds while encouraging the drive towards net-zero emissions, The Times reported on Friday.

Sunak is seeking to replace existing EU carbon-reduction schemes with the new tax when the transition period finishes at the end of the year, the report here added.

Government officials are also looking at longer-term proposals to extend the tax to other areas including domestic gas and agriculture, which could raise more than 25 billion pounds ($32.34 billion) by 2030, the newspaper said. ($1 = 0.7732 pounds) (Reporting by Aakriti Bhalla in Bengaluru; Editing by Jacqueline Wong)

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