UK considering cut to green levy to soften energy price surge

UK considering cut to green levy to soften energy price surge
UK considering cut to green levy to soften energy price surge - The Times © Reuters. FILE PHOTO: Shoppers browse aisles in a supermarket in London, Britain April 11, 2017. REUTERS/Neil Hall

LONDON (Reuters) – Britain’s finance ministry is considering cutting a green levy on energy bills as a way to help consumers who are already facing high inflation, The Times newspaper reported on Tuesday.

The Treasury was reviewing the Energy Company Obligation, a 1 billion-pound ($1.36 billion) levy on energy bills which pays for insulation and new boilers to help about 200,000 households a year, the newspaper said.

($1 = 0.7350 pounds)

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