New research shows that over half of British companies in the solar industry will slash their workforce by over 50 per cent due to cuts to Feed-in Tariffs announced by the UK government, which are to start in December 2011. Stephen Hill, partner at international law firm Eversheds comments: “Whilst a change in the tariff rate has been expected within the industry, the nature and speed in which it is proposed to be implemented has devastated the sector. The back dated nature of the procedure by which the Department of Energy and Climate Change (DECC) is pushing this through is unique and leaves the UK government highly exposed to a potential claim for judicial review by participants in the industry. The uncertain nature of the consultation will affect thousands of jobs in this nascent green industry and affects the government’s credibility for all renewable projects.”
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