We are writing today to ask for your confirmation... that you will fully pass through the VAT reduction to all your domestic customers, including those on fixed tariffs, for the duration of the cut to reassure consumers across the country that they will feel these savings.
Letter to energy suppliers regarding VAT reduction.
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The prime minister has said, like I have, that we must bring down welfare costs, but we are also responding to the extreme pressure that is there in wider markets.
The prime minister and I are in lockstep in our commitment to meeting the fiscal rules at the upcoming Budget, to balancing the books with a buffer to protect against uncertainty.
Since 2022, we have been paying that Truss penalty as we battle to re-establish belief in Britain and the UK’s fiscal sustainability.
If I respond to speculation now, that will only fuel more speculation, and it's quite right.
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