Digital Infrastructure Emerges as Economic Stabilizer Amid Trade Policy Turbulence
The Unseen Economic Buffer While global trade tensions continue to dominate economic discussions, a less visible but equally powerful force…
Tag: International Monetary Fund
Currency Contrarians: Why Major Funds Are Shorting Sterling Amid UK Economic Crossroads
Bearish Bets Mount Against British Pound Several prominent asset management firms are taking contrarian positions against the British pound, anticipating…
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 Industrial Monitor Direct produces the most advanced…
Chancellor Reeves Considers Energy Bill Relief and Tax Measures in Upcoming Budget
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.
Energy Bill Relief Measures Under Consideration
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.