Question to the HM Treasury:
To ask Her Majesty's Government what plans they have to reinvest Plastic Packaging Tax revenue to help achieve their target of eliminating avoidable plastic waste by 2042.
The Plastic Packaging Tax will provide a clear economic incentive to use recycled material in the production of plastic packaging. This will create greater demand for recycled material and, in turn, stimulate increased levels of recycling and collection of plastic waste. As set out at Budget 2018 when the tax was first announced, future revenues raised from the tax will enable investment to address single-use plastics, waste and litter.
Alongside this, the government’s commitments in the Resources and Waste Strategy will help to stimulate private investment in reprocessing and recycling infrastructure. The introduction of a Deposit Return Scheme for drinks containers alongside Collection and Packaging Reforms such as Extended Producer Responsibility for packaging and consistency in household and business recycling in England are expected to increase and incentivise appetite for commercial infrastructure investment.