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.