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Seven in 10 say VAT cut won’t ease cost of living pressures, poll finds
The Government plans to remove the 5% VAT charged on household electricity bills from 1st October 2026 for six months.

The Government plans to remove the 5% VAT charged on household electricity bills from 1st October 2026 for six months.

The measure, which applies for the current financial year, is expected to reduce the annual Ofgem price cap by around £45.

The loan is secured against a collection of luxury watches, including brands like Rolex, Patek Philippe, and Audemars Piguet.

The proposition allows companies and business owners to spread the cost of their VAT, corporation tax and self-assessment tax payments.

In the Spring Budget, there's a push for equalizing VAT rates on property renovations with new builds to stimulate housing market activity and preserve heritage properties.
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