Announcing a “winter plan” to address inflation and the cost of living, Sunak’s campaign said he would introduce a “targeted, temporary and timely tax cut” by removing VAT on domestic energy bills if the energy price cap rises above £3,000 (US$3,610 or RM16,091) as expected later this year.新2网址大全（www.hg108.vip）实时更新发布最新最快最有效的新2网址和新2最新网址,包括新2手机网址,新2备用网址,皇冠最新网址,新2足球网址,新2网址大全。
LONDON: Rishi Sunak has pledged to scrap the value added tax on all domestic energy bills for the next year if he becomes UK prime minister, in a move his leadership rival, Liz Truss, criticised as a U-turn.
Announcing a “winter plan” to address inflation and the cost of living, Sunak’s campaign said he would introduce a “targeted, temporary and timely tax cut” by removing VAT on domestic energy bills if the energy price cap rises above £3,000 (US$3,610 or RM16,091) as expected later this year.
Sunak’s campaign argued the policy would “bear down on prices,” insisting this contrasted with tax cuts promised by Truss that they warned would “stoke inflation.”
The former chancellor of the exchequer also announced he would “expand the labour force” by “tightening up the rules on out of work benefits,” doubling the number of hours a week someone on welfare has to work to avoid looking for a full time job.,
Completing the series of policy announcements that seek to revive his campaign as he trails the foreign minister in the opinion polls, Sunak added that he would reduce Britain’s dependence on Britain’s ports, which have been mired by disruption in recent days.The Truss campaign hit back by accusing Sunak of changing his mind, pointing to comments he made in the House of Commons in February when he rejected the idea of a VAT cut on energy bills as something that would “disproportionately benefit wealthier households.”
Pat McFadden, Labour’s shadow chief secretary to the Treasury, said that Sunak was guilty of “playing hokey cokey with our taxes” and “acting as his own personal rebuttal unit – attacking a policy for months then adopting it.”
Work and Pensions Secretary Therese Coffey, a Truss supporter, also accused Sunak of blocking the very same changes to benefit rules while he was chancellor. — Bloomberg