TAX NEWS: Tories to make green tax pledge. By Dan Martin

A government under the Conservatives would increase the proportion of green taxes, shadow chancellor George Osborne is to promise.

In a renewed effort to challenge Labour's record on the environment, Osborne claims that the total revenue raised from taxes on environmentally unfriendly actions has declined under Tony Blair from 7.7% in 1997 to 6.2% in 2006.

The shadow chancellor, who will make a speech later today in Tokyo detailing the Tory plans, is to promise for the first time that his party will make a manifesto pledge to hike up green taxes.

"I am clear that the proportion of tax re


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