The Chancellor is said to be proposing a package to help people pay their energy bills in July followed by further help with energy bills and general tax cuts in the autumn. If the proposals get the green light, millions of Britons will benefit.
Help could be on its way to some of the poorest households in Britain who are struggling to make ends meet during the cost of living crisis.
Rishi Sunak is considering a warm home top-up for some of the hardest hit households in the UK, according to The Times.
The Chancellor could increase the warm home discount from £150 to up to £600 which would benefit families on a low income and pensioners.
Following this, Mr Sunak is considering using his autumn budget to cut taxes which should help even more people.
While cash strapped Britons will welcome this news, nothing is set in stone as the proposals are being considered.
It’s also not clear whether a proposed tax cut will be implemented in the form of an income tax reduction or whether it would be a slash in VAT.
However, Mr Sunak is considering bringing forward an income tax cut planned for 2024, the i reports.
The cut would see income tax reduced from 20p to 19p this autumn – instead of April next year.
source:express
