Today news
About the same in other media
Rising energy prices will give Treasury £3.1bn windfall, says Labour
Reading now: 516
theguardian.comRising energy prices will hand Rishi Sunak a “windfall” of £3.1bn since October’s budget, a Labour analysis has claimed, which the party has urged the chancellor to spend on cutting household bills.
Labour said the receipts would cover the projected £2.4bn cost of removing VAT from gas and electricity bills over the winter months .
The figures come from House of Commons library research, commissioned by Labour, which projects £3.1bn extra in VAT receipts in 2021-22, making a total of £135bn.
Labour’s figures were reached using the Office for Budget Responsibility’s (OBR) projections that 42.2% of VAT receipts will come from November to March. This suggests that, with £78bn raised to October 2021, a little under £57bn may be expected over the
Read more on theguardian.comAbout this in other media
Bitcoin fills $42K December price wick as analyst says 'party just getting started' cointelegraph.com /2 years ago
Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last cointelegraph.com /2 years ago
New El Salvador Laws Will Help Bitcoiners Who Want to Move to the Country, Says Gov’t cryptonews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
