Rishi Sunak has urged wealthy individuals to donate their £400 energy rebate to charity as he defended giving second-home owners the payout
The cash is being paid via a reduction in energy bills over six months from October, meaning those who own more than one home will receive multiple payments - one for each property.
"This is only happening because this package has been rushed through because the Government has been resisting this." Besides doubling the £200 loan and turning it into a grant and the U-turn on the windfall tax, a one-off grant of £650 will also be made to eight million households that are most vulnerable to the cost of living squeeze.But the announcement, which has been welcomed broadly by economists, was met with fury from Tories who say the U-turn is "not the Conservative way", with one accusing him of "throwing red meat to socialists".
The Chancellor said the levy follows in the footsteps of previous Conservative governments - including Margaret Thatcher's - but IFS director Paul Johnson tweeted: "Big, expensive package from Rishi Sunak.
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