BBC Text :
[The Times reports Nadhim Zahawi
has drawn up plans for a multi-billion pound
package of tax cuts to help businesses
facing bankruptcy because of rising energy costs.
The chancellor, who is working on
an emergency energy strategy for
the new prime minister,
says the government could learn
the "lesson from Covid" and
introduce targeted reductions in VAT
and business rates to help retail
and hospitality sectors.]
