Rishi Sunak offer to cut VAT on energy ‘threatens climate change targets’

PA Wire

Rishi Sunak’s plan to cut VAT from energy price bills would be “a move in exactly the wrong direction” for climate change, an influentical economic thinktank has warned.

The Institute for Fiscal Studies said the removal of the 5 per cent levy, proposed by the Tory leadership candidate today, would be “bearable” if limited to a single year, as Mr Sunak proposes.