UK Environmental Tax Share Drops to Lowest in Over Two Decades

The UK’s share of environmental tax collection fell to its lowest level in over two decades in 2024, according to the latest official figures released Tuesday.

Environmental tax revenue stood at £54.3 billion ($72 billion) in 2024, 0.5% less than the previous year, data from the Office for National Statistics showed.

Environmental taxes accounted for 1.9% of the country’s gross domestic product in 2024 — the lowest since the ONS began tracking this data in 1997. As a share of the UK’s total taxes and social contributions, environmental taxes also hit a record low, ...