Spring Statement: 5% VAT scrapped on green household energy

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Mike Foster, CEO of the Energy and Utilities Alliance (EUA), said “The Chancellor has clearly not heard the outcry over rocketing energy bills faced by millions. He has done nothing in the Spring Statement to help the vast majority of consumers who face bills doubling this year.”

“His VAT cut on solar panels and heat pumps will be welcomed by those who make them and by those who can afford to fit them, but a VAT cut on energy bills would have helped everyone.”

“Frankly, consumers waiting to hear good news on their energy bills will be left asking, ‘is that it Chancellor?’”

Mr Sunak announced that the 5 percent VAT charge for installing heat pumps, insulation and solar panels imposed on Britain by the EU will be slashed.

 

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