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Downing Street plans VAT cut despite inflation fears
The Independent
|July 01, 2022
Downing Street is working on plans to cut VAT in a bid to ease the cost of living burden on struggling British households, reports suggest.
The Times reported yesterday that No 10's chief of staff Steve Barclay had suggested the temporary reduction in the 20 per cent rate of tax in the hope of easing tax bills for millions and blunting the spiralling rate of inflation.
It comes after modelling from the Office for National Statistics (ONS) revealed that the rate of inflation in the UK, at 9.1 per cent, had reached its highest point since at least February 1982.
Cette histoire est tirée de l'édition July 01, 2022 de The Independent.
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