Rishi Sunak, a former finance minister of Britain who is running to become the nation's next prime minister, unveiled a strategy to combat growing home prices on Thursday that included lowering energy rates.
In an article for The Times, he claimed that a decrease in value-added tax would result in energy bill reductions for every household of about 200 pounds ($244). (VAT).
The UK is preparing for energy costs, which are already high, to more than quadruple this year. Charities have warned that if the government does not introduce a multi-billion dollar support programme to cushion the shock, millions of people may be plunged into poverty.
Behind front-runner Liz Truss, Sunak is the underdog in the leadership campaign. He claimed that his plan will include "help for the most disadvantaged, assistance for pensioners, and some support for everyone."