Spring Statement 2022: energy measures comment
‘It may feel like summer, but there remains a winter chill ahead for most households on energy bills’ - Response to the Spring Statement from Simon Virley, Vice Chair and Head of Energy and Natural Resources at KPMG
“While the Chancellor did cut fuel duty to help motorists, increase the Households Support Grant for the most vulnerable households, and extend VAT relief for Energy Saving Materials, he decided against increasing the broader support package already provided for all households with rising energy bills this Spring. But with the energy price cap potentially rising to around £3000 a year this Autumn, the Government will almost certainly have to further extend the support being provided to struggling households and businesses before next winter to help them cope with the biggest rise in the cost of living in a generation.”
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KPMG LLP, a UK limited liability partnership, operates from 21 offices across the UK with approximately 16,000 partners and staff. The UK firm recorded a revenue of £2.3 billion in the year ended 30 September 2020. KPMG is a global organisation of independent professional services firms providing Audit, Legal, Tax and Advisory services. It operates in 147 countries and territories and has more than 219,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
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