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

Published 01/11/2022, 05:10 AM
Updated 01/11/2022, 05:15 AM
© Reuters. FILE PHOTO: Shoppers browse aisles in a supermarket in London, Britain April 11, 2017. REUTERS/Neil Hall

LONDON (Reuters) - 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)

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