UK Government Weighs VAT Reduction on Energy Bills Amid Cost of Living Pressures
The UK government is reportedly considering eliminating the 5% VAT on household energy bills as part of next month’s Budget. Energy Secretary Ed Miliband has acknowledged the need to address the ongoing cost of living crisis affecting millions of households across the country.
Potential Relief for Household Energy Costs
The UK government is reportedly considering significant measures to address the ongoing cost of living crisis, with sources indicating that Chancellor Rachel Reeves may eliminate the 5% Value-added tax on household energy bills in next month’s Budget. According to reports, Energy Secretary Ed Miliband has given the strongest indication yet that the government recognizes the severity of the affordability crisis facing British households.