UK considering cut to green levy to soften energy price surge - The Times - News Summed Up

UK considering cut to green levy to soften energy price surge - The Times


LONDON, Jan 11 (Reuters) - Britain's finance ministry isconsidering cutting a green levy on energy bills as a way tohelp consumers who are already facing high inflation, The Timesnewspaper reported on Tuesday. The Treasury was reviewing the Energy Company Obligation, a1 billion-pound ($1.36 billion) levy on energy bills which paysfor insulation and new boilers to help about 200,000 householdsa year, the newspaper said. ($1 = 0.7350 pounds)(Writing by William Schomberg; editing by William James)


Source: The Times January 11, 2022 10:07 UTC



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