Supplying at Cost and Below Cost Essays

Supplying at Cost and Below Cost Essays Supplying at Cost and Below Cost Essay Supplying at Cost and Below Cost Essay To help energy-intensive industries, the government has provided for a 7 Billion package to help these industries augment generation of renewable energy. Further it has also capped the Carbon Price Support rate at ? 18 for two years from 2016-17. Existing compensation schemes have been extended till 2019-20 and new schemes have been introduced for industries in distress due to high electricity costs, resulting from renewable obligation and Feed-in tariffs for small-scale units to generate renewable energy from 2016-17. The government has also provided support to Combined Heat and Power plants by exempting the fuel costs used in the generation of electricity that is supplied to manufacturing units within the Carbon Price Floor(CPF) purview. To support development of new carbon capture and storage facilities, the government has offered ? 60 Million and also introduced a capacity market for ensuring consistent and secure supply. This has been done with a special intention to maintain the advantage of buying power that the Levy Control Framework currently enjoys. Measures undertaken to boost housing supply include creating a Builders Finance Fund of ? 500 Million to lend loans to housing developers (SME) to release 15,000 stalled housing units due to shortage of funds and creating a corporation of Urban Development to construct a garden city at Ebbsfleet. The government has also decided to provide ? 150 million for regeneration of large housing estates to boost housing supply. The government has planned to invest ? 42 Million over the next 5 years in analysing and identifying useful ways of analyzing Big Data analysis by establishing a new Alan Turing Institute for helping in innovation in manufacturing processes, improved marketing techniques, etc.According to Bughin, Chui Manyika (2010), the big data technology helps in capturing large quantities of data and in analysis, all at a much cheaper cost. Further, plans are also on way to invest ? 74 Million over 5 years to provide assistance in RD of fresh graphene products and invest in developing cell therapies on a big scale for clinical trials that are on the last-stages of survival. New allowances have been introduced for ultra high pressure and high temperature (HPHT) oil and gas projects; government is also working with these new agencies to ensure that competitiveness is maintained in the UK tax management. In the service sector, banking has become more competitive with better, faster and easier services provided to businesses. The government also implements financial and structural reforms to support foreign investments in the financial services sector. For ensuring continued support by venture capitalists to SMEs, the government has removed the temporary tag from the Seed Enterprise Investment Scheme (SEIS) and capital gains tax reinvestment scheme of 50% (Great Britain OBR, 2014). Other structural forms like tax reliefs and eligibility criteria will also be relaxed. Outlay in social enterprises has been encouraged by providing 30% tax relief on the same. Introduction of the innovative Wholesale Guarantees Programme is likely to support more financing to SME. Government also aims to make the tax systems simpler and has introduced the self-assessment system for collecting NICs from the self-employed and is further looking to make tax systems for the benefits and expenses of employees simpler. The Education sector contributes approximately ? 10 Billion (International Education, 2013) of UK revenue. Due to this the government is engaged in participating in more strategic partnerships with emerging markets like India by sharing values and respecting each other’s beliefs and initiatives. Student visa systems are undergoing reforms to attract foreign students to study in UK. This along with other changes like those in VAT rules with reference to construction and usage of student accommodation, tripling number of Chevening scholarships from 2015-16, taking out â€Å"Education is Great† campaigns, etc are likely to attract more students to come and study in UK.