SPECULATION is mounting that GST on food will be scrapped.
The Council of Ministers meet on Thursday to discuss their response to huge rises in food and fuel costs.
It is widely expected that their response will be to drop GST on food and to freeze duty on petrol in the coming Budget.
The three per cent GST was levied in May, but since then the rise in prices has hit Islanders hard.
The rise in fuel and light prices over the last 12 months has been 26%, and food costs have risen 13% in the same period.
Whatever ministers decide at their meeting on Thursday, the States are due to debate propositions on GST exemptions at their next sitting on Monday 8 September.
