Business & Finance
Over 120 groups urge chancellor to cut energy bill levies, report says
The Guardian reports that business and charity groups want levies removed from household energy bills before the October budget.
The short version
- More than 120 organisations have written to Chancellor John Healey calling for hidden taxes and policy levies to be removed from energy bills.[The Guardian]
- Signatories estimate that removing these levies could lower average annual household energy bills by up to £250.[The Guardian]
- The proposal comes ahead of the government's budget presentation scheduled for 28 October.[The Guardian]
Key facts
- More than 120 organisations signed a letter asking the chancellor to eliminate hidden taxes and levies from energy bills.[The Guardian]
- The signatories estimate that removing the levies could reduce average annual domestic bills by as much as £250.[The Guardian]
- Chancellor John Healey is scheduled to deliver his first budget on 28 October.[The Guardian]
- Energy consultancy Cornwall Insight forecasts that the Ofgem price cap will rise in January to an average annual bill of £1,872.[The Guardian]
What remains uncertain
- It remains unknown whether the Treasury will adopt the recommendations in the upcoming budget.[The Guardian]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- UK chancellor urged to remove ‘hidden taxes’ from energy billsThe Guardian - World