Former Minister of Finance Rishi Sunakwho is running for prime minister Britanniapresented yesterday, Thursday, a plan that includes cutting his bills energy to deal with it increased cost them for the household.

In an article in The Times newspaper, Mr Sunak said that every household would see their electricity bills cut by around £200 with the value added tax (VAT) cut.

The UK is already gearing up to more than triple its electricity bills this year, with charities warning that millions of people will fall into poverty if the government does not implement a multibillion-dollar bailout program to reduce the impact.

Sunak, who trails Liz Truss in the polls for prime minister, said his plan would cover “support for the weakest, retirees, while some support goes to everyone.”

The former finance minister stressed that the weakest social groups and pensioners will receive money to cover their electricity costs through the social safety net.

Sunak also explained that he will cover the financial cost of providing households with energy through a government spending savings program. “This may mean that we have to stop or suspend some of the actions in the government,” he said. He added that he was ready “for limited and temporary loans as the last available means to survive the winter.”

“Given that energy prices will continue to rise, it is likely that the government will receive more revenue from the (energy profit levy) that I introduced,” he added, referring to the 25 percent tax rate that was imposed on windfall income. profits of oil and gas companies. This tax was activated when Sunak was finance minister.

Foreign Minister Thras, who is running for prime minister, said she favors tax cuts for households, not providing financial liquidity to deal with the effects of high energy prices.

Thras also said yesterday, Wednesday, that he would work with energy companies to lower prices if he was elected prime minister. His critics say the tax cut will benefit the rich, not the poor.

^{Source: APE-MEB, Reuters}