Quote Originally Posted by eric_sinclair View Post
I would expect them to look at all options available even on a temporary basis.
Extend the windfall tax,increase pensions/benefits over the winter months.
Reduce vat on energy?
In my opinion the U.K. government should scrap the VAT on energy which was imposed on us by the EU as a condition of our membership and the EEC before that.
Mrs Thatcher managed to get the VAT reduced to 5% on energy bills as part of our ‘opt outs’ as that was the minimum that member countries were permitted to charge.
Now that the U.K. is no longer in the EU this 5% VAT charge and 20% VAT for businesses on energy bills including heating oil could easily be scrapped.
We are currently paying 15% extra or more on our electricity and gas bills to pay for feed in tariff for all the wind turbines and solar panels throughout the UK plus social tariffs and the installation of smart meters.
In my opinion the cost of the feed in tariffs, social tariffs and the installation of smart meters should be paid by General taxation which would reduce energy bills at a stroke.