Analysts warn energy bills still set to rise, despite VAT cut

James Murray
clock • 4 min read
New Chancellor John Healey has been tasked with delivering funding to enable cuts to energy bills / Credit: Lauren Hurley - No 10 Downing Street
Image:

New Chancellor John Healey has been tasked with delivering funding to enable cuts to energy bills / Credit: Lauren Hurley - No 10 Downing Street

Cornwall Insight calculates decision to remove VAT from electricity will save average household £44, but bills are still set to climb two per cent due to rising gas prices

The government's decision to cut VAT on electricity bills should save the average household around £44 a year, but those savings are currently likely to be overwhelmed by rising gas prices triggered by...

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