Article Author:
Reuters
Former Finance Minister Rishi Sunak, who is vying to become Britain's next prime minister, launched Thursday a plan that includes cuts in energy bills to combat rising household costs.
Writing for The Times, he said the reduction in value added tax (VAT) would save every household about £200 ($244) on energy bills.
With the UK expecting already high energy prices to more than triple this year, charities are pledging that the government will launch a multi-billion pound aid package to help ease the environment. Without it, millions of people could fall into poverty, he warned. blow.
Sunak, the underdog in the leadership race behind frontrunner Liz Truss, said his plan was to "help the most vulnerable, help pensioners." , and support for all." (https://bit.ly/3K3rIYx)
Former finance minister said people in the most vulnerable groups and pensioners would get money to cover energy costs through the welfare system.
Sunak also said he would pay for the plan by promoting a program to identify savings across the government. - Stop borrowing as a last resort to get through this winter.”
We are also likely to collect more revenue from the energy profits tax we have introduced,” he said, adding a 25% cut to oil and gas producer profits that he introduced earlier as finance minister.
Sunak's rival, Foreign Minister Truss, has so far said he favors cutting taxes on households rather than pouring in cash.
} Truss also said Wednesday that if she becomes prime minister, she will negotiate with energy companies to lower prices. pound) (Reporting by Shivam Patel, Bangalore; Editing by Aurora Ellis)
