3 Hrs
Source:
Sky News
Burnham unveils significant energy bill tax cut
British Prime Minister Andy Burnham announced a major plan to cut energy bills taxes to help families during the cost of living crisis. Value-added tax (VAT) on electricity will be abolished starting in October, at an estimated cost of around £850 million annually. This move is expected to save approximately £45 per household each year. The measure is partly funded by canceling the Digital Identity project, which was costing £600 million annually. The goal is to ease the financial burden on citizens and stimulate the economy. This announcement comes on Burnham's first day in office and reflects his efforts to cut taxes and fulfill citizens' hopes amid the economic crisis.
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