What will Andy Burnham’s VAT cut on electricity bills mean for you?
New prime minister is implementing immediate tax cut to help ease cost of living pressures for British households
AI Summary
Andy Burnham, the new prime minister, will cut VAT on electricity bills to 0% for six months from 1 October, saving a typical household around £45 over the winter. The measure applies only in Great Britain, not Northern Ireland, and benefits households with high electricity usage most, while being less helpful for those who heat with gas.