United Kingdom

UK's Sunak considers cutting VAT on household energy bills- FT

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Britain's Chancellor of the Exchequer Rishi Sunak delivers a speech during the annual Conservative Party Conference, in Manchester, Britain, October 4, 2021. REUTERS/Toby Melville

Oct 17 (Reuters) - British finance minister Rishi Sunak is considering a cut to the 5% rate of value-added tax on household energy bills, the Financial Times reported on Sunday.

Government officials briefed on the Budget preparations said Sunak had looked at reducing the 5% VAT, but no decisions had been taken yet, the newspaper added.

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Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Emelia Sithole-Matarise

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