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IEA - VAT cut on energy bills would be “a welcome relief for the public”

Andy Mayer, Chief Operating Officer at free market think tank the Institute of Economic Affairs, commented on reports that Chancellor Rishi Sunak is considering cutting VAT on energy bills 

“This is smart politics by the Chancellor. As the cost of living and specifically energy prices rise, all tax cuts are welcome relief for the public.

“Even more welcome would be a general review of the social and environmental charges layered on energy bills by successive governments – and their rapid reduction.

“Otherwise the benefit of this change will be entirely invisible.”

Notes to editors

Contact: Emily Carver, Head of Media, 07715942731

Original article link: https://iea.org.uk/media/vat-cut-on-energy-bills-would-be-a-welcome-relief-for-the-public/

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