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UK considering cut to green levy to soften energy price surge - The Times

UK considering cut to green levy to soften energy price surge - The Times
UK considering cut to green levy to soften energy price surge - The Times   -   Copyright  Thomson Reuters 2022
By Reuters

LONDON – Britain’s finance ministry is considering cutting a green levy on energy bills as a way to help consumers who are already facing high inflation, The Times newspaper reported on Tuesday.

The Treasury was reviewing the Energy Company Obligation, a 1 billion-pound ($1.36 billion) levy on energy bills which pays for insulation and new boilers to help about 200,000 households a year, the newspaper said.

($1 = 0.7350 pounds)