Rishi Sunak has axed VAT on energy saving retrofits but has been criticised for taking no new steps to mitigate soaring household energy bills in his Spring statement. The move announced by chancellor of the exchequer applies to all energy saving materials including heat pumps, solar panels and insulation, which are currently subject to the five per cent rate, and extends the relief to wind and water turbines.
Sunak axes VAT on retrofits but offers no new relief on bills
