Global Gas Prices

Part of Business, Energy and Industrial Strategy – in the House of Commons at on 16 November 2021.

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Photo of Greg Hands Greg Hands The Minister of State, Department for Business, Energy and Industrial Strategy

Of course, I share the hon. Lady’s concern for vulnerable people who face potential rises in energy prices. She will know that VAT is a matter for the Treasury but, of course, a VAT cut would be very untargeted towards vulnerable people. That is why we have schemes in place, such as the warm home discount, winter fuel payments and cold weather payments, to help vulnerable and elderly people. The Government have got the policy right.