EEF calls on Downing Street to scrap 'complex' energy tax system

Group wants to see incentive tax breaks introduced, as opposed to current system of penalising companies

EEF, one of Britain's leading employers' groups, has urged the government to scrap the carbon price floor and other green taxes, following on from a series of ministerial moves to slash subsidies on wind and solar schemes.

The demand for more cuts comes as a high profile green crowdfunding scheme, the Trillion Fund, said it would no longer be loaning money to renewable energy projects because the government had "rocked investor confidence".