BE insists on zero VAT for food basket and fuel price limits for 2027 Budget proposal

The Left Bloc (BE) announced it will re-table proposals for zero VAT on essential foods, a 13% intermediate VAT rate on road fuels alongside retail price caps modelled on Poland, Madeira and the Azores, and a mechanism via state-owned bank CGD to cap mortgage payment increases. To fund these measures, BE proposes reversing corporate tax cuts for large companies earning over 50 million euros and expanding windfall taxes to banking and major retail, alongside temporary three-month renewable periods for the zero-VAT policy backed by retailer price agreements.