Rishi Sunak has promised to scrap VAT on household fuel bills for a year to tackle the cost of living crisis, in a dramatic U-turn, as he battles to remain in the race to become the next prime minister.
With Truss promising £30bn in immediate tax cuts, Sunak has repeatedly stressed the risks of unfunded promises, and insisted he has already taken action to cushion the blow of the sharp increase in domestic energy bills expected in October.
