Rachel Reeves gears up for possible Budget energy bill cut

Chancellor Rachel Reeves faces calls from consumer champion Martin Lewis and others to use an energy bill cut to come good on her pledge to tackle the cost of living crisis in the Budget

Hopes are growing Labour will cut energy bills for millions of households in next week’s Budget .

Speculation is mounting Chancellor Rachel Reeves will ditch VAT on bills, saving a typical customer £84 a year. But pressure is growing for her to go further, with consumer champion Martin Lewis among those urging the government to shift policy costs from bills onto general taxes instead.

The spiralling price of gas and electricity has compounded the cost of living misery for many Brits. With the UK in the grip of freezing temperatures, regulator Ofgem confirmed its price cap for 34 million energy acc