Liz Truss is considering a “nuclear” VAT cut of five per cent across the board to tackle the cost-of-living crisis, The Telegraph can reveal. The Treasury will present the next prime minister with plans modelled on Gordon Brown’s response to the 2008 financial crisis as part of a series of options to offset soaring energy bills. The headline rate of VAT could be cut by up to five per cent – the largest ever reduction – which would save the … read more »
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