No10 at loggerheads with Rishi Sunak over plans to slash VAT on food prices

1st July 2022

NO.10 and No.11 are at loggerheads over plans to cushion families from the cost-of-living hell.

Boris Johnson’s top aide Steve Barclay has proposed slashing VAT to reduce shop prices.

No.10 and No.11 are at loggerheads over plans to cushion families from the cost-of-living hell

HOAR understands Chancellor Rishi Sunak is against slashing VAT to reduce shop prices

HOAR understands Chancellor Rishi Sunak is against.

Healthy foods are already spared the 20 per cent levy.

Treasury insiders fear a cut would wipe billions from their coffers without really helping families.

They warned cheaper goods could even send inflation higher than 9.1 per cent.

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Economist Paul Johnson said: “You don’t throw petrol on a fire.

“I think it would be a terrible policy.”

But Taxpayers’ Alliance and ex-Minister Sir John Redwood said Brits will be delighted that No10 is taking VAT cuts seriously.