Agricultural Sector

The government recognises that farmers do essential work in producing high quality food for consumption at home and for export and plans to rapidly review frameworks for regulation, innovation, and investment that impact farmers and land managers in England.

This will ensure government and industry are working together to strengthen UK food security, and maximise the long-term productivity, resilience, competitiveness, and environmental stewardship of the British countryside.

The government will set out plans later this autumn.

Energy Price Support Measures

Measures to support domestic users have already been announced under the Energy Price Guarantee. This caps the unit price that consumers pay for gas and electricity based on typical consumption in a 2/3 bedroom semi detached house.

A new Energy Bill Relief Scheme was announced. This will be a temporary six-month scheme which will provide a discount on wholesale gas and electricity prices for all non domestic users.

The total stated cost for the first six months of operation of these two schemes is £60 Billion with a further review in three months time to inform decisions on future support starting from March 2023.

VAT for overseas visitors

The government will introduce a modern, digital, VAT-free shopping scheme with the aim of providing a boost to the high street and creating jobs in the retail and tourism sectors. The delivery will include modernising the scheme that currently operates in Northern Ireland and introducing a new digital scheme in Great Britain.

The new VAT-free shopping scheme for non-UK visitors to Great Britain will enable them to obtain a VAT refund on goods bought in the high street, airports and other departure points and exported from the UK in their personal baggage.

Alcohol duty

The government is freezing the alcohol duty rates from 1 February 2023.