UK’s New PM Andy Burnham Scraps Electricity VAT to Ease Living Costs

Britain’s new prime minister has announced the removal of the value-added tax on household electricity bills from October, cutting the rate from five per cent to zero. The move will save the average British household about £45 a year and give struggling families some breathing space as energy costs remain high. The tax cut will be funded by cancelling the planned digital identification programme. It was announced ahead of the PM’s first cabinet meeting, just one day after he took office. In his address, the prime minister outlined a 10-year plan to re-industrialise the country, decentralise power, expand public housing and strengthen public control over essential services. He also pledged renewed efforts to tackle rough sleeping and moved swiftly to reshuffle key cabinet posts in finance, foreign affairs and defence. He has already held high-level talks with leaders in the United States, Ukraine and France, confirming Britain’s continued support for Ukraine and seeking closer trade and security ties.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.