VAT cut on energy bills would be “a welcome relief for the public”
18 October 2021
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Brexit
Victoria Hewson features in the Daily Express
13 October 2021
Energy and Environment
Mark Littlewood writes for The Times
18 October 2021
Economic Theory
Commenting on reports that Chancellor Rishi Sunak is considering cutting VAT on energy bills, Andy Mayer, Chief Operating Officer at free market think tank the Institute of Economic Affairs, said:
“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.”
ENDS
Notes to editors
Contact: Emily Carver, Head of Media, 07715942731
“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.”
ENDS
Notes to editors
Contact: Emily Carver, Head of Media, 07715942731
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