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UK Business Calls For Scrapping Taxes on Electricity Bills

The coalition says shifting levies could cut business electricity prices by up to 20% and trim average household bills by as much as £250 a year.

Summary by Oil Price
The large businesses in the UK have urged the government to remove taxes on electricity bills for business to make Britain more competitive and energy costs more affordable amid escalating energy prices that hurt both consumers and industry. In one of his first moves as the UK’s Prime Minister, Andy Burnham in July announced that the new Labour government would scrap the 5% value added tax (VAT) on household electricity bills to help Britons cop…

6 Articles

Key takeaways Large British companies are calling for the abolition of electricity taxes to strengthen national competitiveness and reduce operating costs, as rising energy prices continue to put pressure on both the industrial sector and the general public. Tax relief measures for households Following his appointment as Prime Minister in July, Andy Burnham stated that the Labour government the […]

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Oil Price broke the news in New York, United States on Friday, September 11, 2026.
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