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Reuters
Reuters
Business

Prime ministerial hopeful Sunak pitches UK energy bill tax cuts

Candidate Rishi Sunak takes part in the BBC Conservative party leadership debate at Victoria Hall in Hanley, Stoke-on-Trent, Britain, July 25, 2022. Jacob King/Pool via REUTERS

Rishi Sunak, trailing in the race to become Britain's prime minister, pledged on Wednesday to temporarily scrap taxes on energy bills paid by households, part of a "winter plan" to ease the cost-of-living crisis.

The year-long hiatus on paying value-added tax (VAT) on energy bills would save the average household 160 pounds ($193), former finance minister Sunak said.

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