London Aug 12 :-The former finance minister said the most vulnerable group of people and pensioners would get the money to meet their energy costs through the welfare system.
Sunak also said that he will pay for the plan by driving a programme to identify savings across the government. “That may mean we have to stop or pause some things in government.”
He added that he is prepared for “some limited and temporary, one-off borrowing as a last resort to get us through this winter.”
“Given energy prices continue to rise, it is also likely the government will raise more revenue from the Energy Profits Levy that I introduced,” he added, referencing a 25% windfall tax on oil and gas producers’ profits he previously introduced as finance minister.
Sunak’s rival, Foreign Minister Truss, has so far said she favours tax cuts for households, rather than funnelling cash back via energy support.
Truss also said on Wednesday that she would work with energy companies to bring prices down if she becomes the PM. Critics say tax cuts would favour the richest over the poorest.
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