Liberal Democrats call for scrapping of energy price cap rise

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Liberal Democrats call for scrapping of energy price cap rise

Without raising the price cap, suppliers will have an estimated shortfall of £36bn. This Lib Dems said this should be met by expanding the windfall tax on oil and gas company profits, and using the higher-than-expected VAT revenues “as a result of soaring inflation”. www.bbc.co.uk

Without raising the price cap, suppliers will have an estimated shortfall of £36bn. This Lib Dems said this should be met by expanding the windfall tax on oil and gas company profits, and using the higher-than-expected VAT revenues “as a result of soaring inflation”.

www.bbc.co.uk