G7 agrees to keep united front on China export controls, diversify suppliers
G7 Forges Coordinated Strategy Against China’s Rare Earth Dominance | Industrial News Today Global Economic Powers Unite to Counter Supply…
G7 Forges Coordinated Strategy Against China’s Rare Earth Dominance | Industrial News Today Global Economic Powers Unite to Counter Supply…
Chancellor Rachel Reeves is reportedly considering interventions to reduce energy bills, including potential VAT cuts. The government faces a £22bn fiscal gap while maintaining commitments to key tax rate freezes.
The government is reportedly planning “targeted action” to address rising living costs, with energy bills being a primary focus of the upcoming Budget. According to reports from the BBC, officials are considering cutting the current 5% rate of Value-added tax charged on energy, which could provide immediate relief to households. Another option under discussion involves reducing regulatory levies currently added to utility bills, sources indicate.