Spring Statement: Sunak scraps VAT on clean tech in bid to tackle gas price crisis

Michael Holder
clock • 9 min read
Credit: HM Treasury
Image:

Credit: HM Treasury

Chancellor reveals plan to remove VAT on energy saving materials and technologies, as decision to cut fuel duty angers environmental campaigners

Rishi Sunak today announced plans to scrap VAT on domestic energy saving measures, as he set out a series of measures to help homes and businesses cope with surging energy costs, in a Spring Statement...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Politics

Reports: Treasury mulls tweaks to fiscal rules to unlock green infrastructure investment drive

Reports: Treasury mulls tweaks to fiscal rules to unlock green infrastructure investment drive

Rachel Reeves said to be considering reforms that could free up £50bn for investment in strategically important infrastructure

James Murray
clock 27 September 2024 • 5 min read
Rachel Kyte appointed as UK's climate envoy ahead of COP29 Summit

Rachel Kyte appointed as UK's climate envoy ahead of COP29 Summit

Labour government reinstates high profile climate diplomacy role axed under the Conservatives

Cecilia Keating
clock 25 September 2024 • 3 min read
'Clean energy harnessed for national renewal': Keir Starmer confirms GB Energy to be headquartered in Aberdeen

'Clean energy harnessed for national renewal': Keir Starmer confirms GB Energy to be headquartered in Aberdeen

Prime Minister's speech to Labour Party Conference places clean energy at heart of government's plans to build 'a Britain that belongs to you'

James Murray
clock 24 September 2024 • 6 min read