Storia in 13 fonti

Burnham’s energy bill tax cut explained – how much will you save?

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleAndy Burnham, in his first major move as prime minister, has announced the scrapping of VAT on household electricity bills. This policy, effective from 1 October, is expected to save a typical household £45 annually by reducing VAT from 5 per cent to zero. The government stated that the measure aims to provide families with 'breathing space' amidst rising living costs and will apply across England, Scotland and Wales. Funding for the VAT cut, estimated at £850m this financial year, will come from cancelling the government’s planned Digital ID programme. The move is also expected to shave approximately 0.10 percentage points off CPI inflation and will benefit all households, as well as eligible small businesses, charities, and residential care homes. In fullWhat does Burnham’s VAT cut mean for your energy bills?More bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

Raccontata da