No 10 mull over VAT cut to try and help households battle the cost of living crisis

Downing Street are considering cutting VAT in a bid to help struggling families battle the cost of living crisis but the Treasury has warned it could fuel inflation.

The proposals to cut VAT from the headline figure of 20 per cent could reduce the tax bill for millions of people across the country and help ease the pressures faced by households as the cost of living crisis continues.

According to the Times, Steve Barclay – the Prime Minister’s chief of staff – suggested reducing the rate on a…

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Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

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