Energy VAT cut ‘does not address scale of what households are facing’
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Summary
Energy VAT cut ‘does not address scale of what households are facing’. Further, while July’s higher prices have been cushioned by warmer weather and lower household energy use, the October cap will land as people switch their heating back on and will have a greater impact on household finances.
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Energy VAT cut ‘does not address scale of what households are facing’.
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Removing VAT from electricity bills from October is a “positive statement of intent” but “does not address the scale of what households are facing”, experts have said.
according to The IndependentFurther, while July’s higher prices have been cushioned by warmer weather and lower household energy use, the October cap will land as people switch their heating back on and will have a greater impact on household finances.
according to The Independent
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This would be £45 off a typical home’s annual bill based on the current electricity price cap.
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