Trailing in UK leadership race, Sunak pitches energy bill tax cuts

Rishi Sunak, trailing in the race to become Britain's next prime minister, pledged on Wednesday to temporarily scrap taxes on energy bills paid by households as part of a "winter plan" to ease the cost-of-living crisis.

by | 27 Jul, 2022

The year-long hiatus on paying value-added tax (VAT) on energy bills would save the average household 160 pounds ($193), former finance minister Sunak said.

Read more at Reuters

More from Financial Accountant

How the UK’s rollback of banking regulations could risk another financial crisis

How the UK’s rollback of banking regulations could risk another financial crisis

Money laundering plays a key role in every part of the illegal drugs industry. Here’s how it works

Money laundering plays a key role in every part of the illegal drugs industry. Here’s how it works

‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

Sustainability ideals are often crushed by corporate demands. Here’s how businesses can let them flourish

‘I was left with nothing.’ Why apprentices are being pushed into the informal economy

‘I was left with nothing.’ Why apprentices are being pushed into the informal economy

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

Share This