Burnham’s Energy VAT Cut Announcement Overshadowed by Funding Row – NATIONAL NEWS
Prime Minister Andy Burnham has unveiled his first major policy since taking office, cutting VAT on electricity bills to zero from October 1, but the move was immediately clouded by questions over how it will be paid for. The measure removes the 5% VAT rate currently applied to household electricity bills, with the government estimating typical savings of around £45 per household per year. Chancellor John Healey said the change would give families some “breathing room on bills.” The…