Category: Economy

EconomyPolicy

UK Government Considers Energy Bill Relief Through VAT Cuts and Levy Reforms

The UK government is reportedly considering cutting VAT on energy bills and reforming green levies to address the ongoing cost-of-living crisis. Energy Secretary Ed Miliband has indicated the Treasury is examining various options to provide relief to households facing rising energy costs.

Potential VAT Reduction on Energy Bills Under Consideration

The UK government is reportedly exploring measures to reduce the financial burden on households through potential VAT cuts on energy bills, according to recent statements from Energy Secretary Ed Miliband. The development comes as the energy price cap means a typical household will now pay £1,755 annually for energy, representing a £35 increase from the previous cap period.

by Darren Holt
EconomyFinance

Banking Sector Jitters Drive Treasury Yields Lower Amid Economic Data Vacuum

Treasury yields finished a volatile week lower as worries about U.S. regional banks sparked flight to safety. The ongoing government shutdown has left markets without critical economic data, including September’s inflation figures that were scheduled for release this week.

Market Volatility Amid Banking Sector Concerns

Treasury yields reportedly declined over the course of a turbulent week marked by renewed concerns about the stability of U.S. regional banks, according to market analysis. Despite some recovery in later sessions, the 10-year yield finished the week down 0.047 percentage point at 4.006%, while the two-year yield fell 0.062 percentage point to 3.463%, based on trading data.

by Liam Dorsey