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UK proposes cutting green levies, saving £120 yearly

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Story summary
  • UK Energy Secretary Miatta Fahnbulleh proposes removing billions of pounds in green levies from bills.
  • She estimates the change could save households about £120 per year.
  • The Treasury would need to raise up to £3 bn annually to fund green projects.
  • The proposal aims to curb electricity bill rises of £400+ next year due to Iran war.
  • Fahnbulleh warned Reform and Conservative parties could lose support if they ignore job creation.