UK’s Sunak considers cutting VAT on household energy bills- FT

Economy3 minutes ago (Oct 17, 2021 18:40)

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Rishi Sunak delivers a speech during the annual Conservative Party Conference, in Manchester, Britain, October 4, 2021. REUTERS/Toby Melville

(Reuters) – British finance minister Rishi Sunak is considering a cut to the 5% rate of value-added tax on household energy bills, the Financial Times reported https://on.ft.com/3aMyzo8 on Sunday.

Government officials briefed on the Budget preparations said Sunak had looked at reducing the 5% VAT, but no decisions had been taken yet, the newspaper added.

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