“That’s why, with the price cap expected to rise above £3,000 in October, I will move immediately to scrap VAT on everyone’s domestic energy bills for the next year, saving the average household £160. This temporary and targeted tax cut will get people the support they need whilst also – critically – bearing down on price pressures,” The Tory leadership hopeful stressed.
“Boris begged him to do it – but he wouldn't budge. “It's astonishing that he's now claiming it as his own policy,” the source claimed, referring to the former UK chancellor.
“However, this feels like a screeching U-turn from someone who has spent the last few weeks of the leadership campaign branding everyone else's tax cuts immoral and fairytales,” the source argued.
Earlier in July, the ex-chancellor asserted that tax reductions are “immoral because there is nothing noble or good about racking up bills on the country's credit card that we then pass on to our children and grandchildren.”