BURNHAM CUTS VAT ON ELECTRICITY BILLS IN FIRST MAJOR POLICY ANNOUNCEMENT ⚡💷 Prime Minister Andy Burnham has announced plans to remove VAT from domestic electricity bills in his first major policy move, aiming to ease pressure on households struggling with the cost of living. The 5% VAT charge will be scrapped from 1 October, with the government estimating the move will save the average household around £45 a year. The policy will initially be funded by cancelling the previous government’s £1.8 billion digital ID programme. Burnham said the move was designed to put more money back into people’s pockets as families continue to face high energy costs. The announcement comes after energy bills
BURNHAM CUTS VAT ON ELECTRICITY BILLS IN FIRST MAJOR POLICY ANNOUNCEMENT ⚡💷 Prime Minister Andy Burnham has announced plans to remove VAT from domestic electricity bills in his first major policy move, aiming to ease pressure on households struggling with the cost of living. The 5% VAT charge will be scrapped from 1 October, with the government estimating the move will save the average household around £45 a year. The policy will initially be funded by cancelling the previous government’s £1.8 billion digital ID programme. Burnham said the move was designed to put more money back into people’s pockets as families continue to face high energy costs. The announcement comes after energy bills remained a major concern for households, with prices still affected by global events and higher wholesale costs. The VAT cut is expected to be one of several cost of living measures introduced by Burnham’s new government, alongside wider plans to tackle housing and essential expenses. #ThisIsMoney #Money #News #UK ♬ som original - Ogustavogs
