Rishi Sunak slammed for plans to cut VAT on energy bills if he is Prime Minister | Personal Finance | Finance
“This additional VAT cut will help deal with the current emergency.”
Richard Neudegg, director of regulation at USwitch, has also scrutinised the former Chancellor’s promise.
He described the move as a “positive step”, but suggested more could potentially be done.
Mr Neudegg stated: “Temporarily cutting VAT from energy bills is a reasonable idea to put on the table, and could be part of the solution. But it won’t be enough by itself in the face of the price rises that are to be revealed in less than a month.
“If the average bill were to hit the predicted £3,244 from October, removing the five percent VAT would save £154 a year.
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