Exclusive: Chancellor hopes to save up to £170 from average bill but industry insiders say move would be ‘disastrous’
Prospect of breaking 50-year income tax taboo shows scale of Reeves’s challenge
Rachel Reeves is considering slashing funding for more energy efficient homes to pay for a reduction in energy bills, sources have told the Guardian, as the chancellor looks for ways to ease the cost of living in this month’s budget.
Reeves is finalising a multibillion pound energy support package that is likely to cut taxes and green levies from people’s bills as she looks to save as much as £170 from the average bill.
The chancellor is hoping her focus on reducing energy bills will help bolster Labour’s slump in the polls, dent the appeal of Reform UK and mitigate the impact of widely expected tax rises in the autumn budget.
