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Burnham cuts VAT on household electricity bills; UK borrows less than expected in June – business live

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BBC’s business and political reports frame the change primarily as a consumer‑focused tax cut, highlighting the immediate household savings and the political significance of the prime minister’s inaugural policy move. The Independent, a…
https://www.theguardian.com/profile/lauren-almeida· ·1 min read · 0 reactions · 0 comments · 7 views
#burnham#cuts#household#electricity#bills
Burnham cuts VAT on household electricity bills; UK borrows less than expected in June – business live
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But it does not address the scale of what households are facing, with millions still left paying an unaffordable share of their income on energy and record levels of energy debt built up over successive winters of high bills. The prime minister’s next move must be to go even further on bringing down the cost of energy and bringing in increased levels of targeted support for those who need it most: an enhanced warm home discount, reformed cold weather payments and an energy debt relief scheme. The only way to bring bills down for good is to change how they are set.

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The Guardian — US · https://www.theguardian.com/profile/lauren-almeida
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2m ago02.44 EDTCutting VAT from electricity bills is positive but 'not a cure', energy campaigner saysThe removal of VAT from electricity bills is positive but it does not address the scale of the problem that British households are facing, campaigners at the End Fuel Poverty Coalition have said.Simon Francis, coordinator of the group, said: double quotation markRemoving VAT from electricity bills is a positive statement of intent by the new administration. But it does not address the scale of what households are facing, with millions still left paying an unaffordable share of their income on energy and record levels of energy debt built up over successive winters of high bills.

Excerpt limited to ~120 words for fair-use compliance. The full article is at The Guardian — US.

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