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Rising energy prices will give Treasury £3.1bn windfall, says Labour

Rishi Sunak urged to spend extra VAT receipts on cutting soaring household bills during winter months

Rising energy prices will hand Rishi Sunak a “windfall” of £3.1bn since October’s budget, a Labour analysis has claimed, which the party has urged the chancellor to spend on cutting household bills.

Labour said the receipts would cover the projected £2.4bn cost of removing VAT from gas and electricity bills over the winter months .

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