Leaving Europe would save households money

31st May 2016 | Residential Energy

The Leave Campaign has claimed that quitting the EU would save households £1.7bn a year on heating and lighting, or £64 a year per household. This is because the government would be free to scrap VAT on domestic fuel.
Boris Johnson and Michael Gove claim that the 5% VAT which is levied on residential electricity and gas was a directive from Europe: however, it was introduced by Tory Chancellor Norman Lamont as a revenue raising measure with no EU involvement in 1994.
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