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The British government, led by Andy Burnham, has announced a reduction in taxes on household electricity bills. Starting next October, the 5% Value Added Tax (VAT) will be abolished, aiming to lower the cost of living which has increased over the current year, especially after electricity bills reached their highest levels since 2023 due to the repercussions of the war with Iran. The government estimates that this measure will reduce the average household bill by approximately $60 annually and will cost the state around $2.4 billion, which will be financed by cancelling the digital ID card issuance project. This decision is part of the government's efforts to improve living conditions and address rising energy costs, while monitoring the market and maintaining public debt balance.
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