According to the Telegraph, British Prime Minister contender Liz Truss intends to reduce sales tax by 5 percentage points to 15% if elected.
According to the newspaper, the VAT decrease will be the highest ever, saving the average family more than £1,300 per year.
The publication emphasised that the tax decrease will also assist low- and middle-income families pay their energy expenses, which are expected to nearly quadruple this winter compared to last.
Terrace, a serious candidate for the British government’s president, promises to lower VAT to 15%.
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