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Channel Tunnel says UK investment 'non-viable' as it halts projects (www.bbc.com)

submitted 4 days ago by cm0002@infosec.pub to c/unitedkingdom@feddit.uk

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Eurotunnel, the operator of the Channel Tunnel, has halted its UK projects, claiming "unsustainable" levels of taxation has made any future investments "non-viable".

The company said it had been informed its business rates would increase by some 200% from next year.

It hit out at the government, arguing that the higher costs were "clearly contrary" to ambitions of growing the economy and increasing investment.

The Treasury said it would support firms "hit hardest" by tax hikes and would continue talks with affected industries over such concerns.

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[–] Delascas@feddit.uk -3 points 3 days ago

With this news, now would be the perfect time to start the discussion of converting one of the 2 train tunnels into a road for EV's and electric lorries. Tailpipe exhaust is THE reason why cars today must be loaded into a train for the trip . . . EV's make that unnecessary.

If they are not going to invest . . . lets re-purpose part of it.