Burnham’s Money-Saving Start: VAT Cut on Electricity and a Reworked Tax Plan
TL;DR Summary
New PM Andy Burnham pledges to ease the cost of living by cutting VAT on domestic electricity bills from 5% to 0% (roughly £45 a year in savings) and by reviewing the tax-free personal allowance, with John Healey as chancellor to fund the measures; he also signals social tariffs and housing/transport support, while energy bills remain linked to wholesale gas costs.
- Prime Minister Andy Burnham promises help with your money. How could it affect you? BBC
- Burnham, UK’s New Prime Minister, Starts With Electricity Tax Cut The New York Times
- Starmer ally takes swipe at Burnham's first big policy BBC
- U.K.’s Burnham targets lower energy bills in first move as PM NBC News
- Andy Burnham is already revealing the unsoundness of his economics The Telegraph
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