Andy Burnham's Government Announces Withdrawal of British Electricity VAT
The measure will be financed in part by the cancellation of the project to launch the digital identity programme, the cost of which was expected to be around £600 million a year.
New British Prime Minister Andy Burnham has made his first high-profile decision within hours of coming to power. The UK Labour Government announced on Tuesday the abolition of VAT on electricity bills, the first economic measure by the executive sinceBurnham took office on Monday.
Electricity bills will not have to pay VAT (20% in the UK) from next October 1, in orderto alleviate the cost of living crisis, the government said.
Digital Identity Program
The measure will be financed in part by the cancellation of the project to launch the digital identity programme , the cost of which was expected to be around £600 million (€708 million) per year for three years.
The funding for this project was to come from the savings provided for in the budgets of the existing departments, but these funds willnow be used to cover the reduction in VAT.
"I said my intention was to give people a break, which is exactly what I announce on my second day as Prime Minister. We are immediately taking steps to cut energy bill taxes, leave more money in the pockets of the public and help them regain hope," Burnham said in a statement.
You might like
What's the new map of the world that the UN is proposing?
The UN General Assembly has taken a decision to stop using the design of the current world map and start using another one more faithful to the size of the continents, which, for example, would increase the size of Africa.
The US sends Witkoff and Kushner to Russia and Ukraine to revive peace talks
President Trump himself has confirmed the news and said that Putin and Zelensky "hate each other deeply," making talks difficult.
Two workers who were trapped in a tunnel in Nepal have been rescued alive and said there are more alive
Ten days after the floods, the two men were found 170 metres from the tunnel entrance, after rescue teams heard voices coming from inside, which families described as a "miracle."
Milei announces sanctions for companies operating in the Malvinas and a new military base in the Land of Fire
Argentina's president has tightened his strategy on the archipelago and proposed that Donald Trump review US neutrality in this matter so far, while reiterating that the UK's commitment to the islands is "absolute and immovable."
More than a thousand people have died in Nepal as a result of the floods, and 3900 people have disappeared
More than 21,000 troops are involved in search and rescue and have managed to rescue 11,814 people, including 253 foreigners.
Shein made his first big hit on the Hong Kong Stock Exchange, losing 4%
While the Chinese textile giant has begun its stock market journey with huge holes and has even suffered losses of up to 10% at some point, France is launching today, Tuesday, a fiscal offensive against this business model with charges of up to EUR 12 on each product.
A jury found Duane "Keffe D" Davis guilty of the murder of rapper Tupac Shakur
Duane "Keffe D" Davis has been found guilty by a jury of first-degree murder in Las Vegas, Nevada, for planning the 1996 shooting that killed iconic rapper Tupac Shakur.
U.S. and Iran resume attacks in the Middle East
The US Army bombed two platforms this morning and killed two people. Iran responded by attacking military bases in Jordan and the United Arab Emirates.
More than 900 people have died and 4200 have been missing since the floods in Nepal
There are 590 missing foreigners displaced from 39 countries to Nepal, while the search for a tunnel for the Rasuwagadhi Hydroelectric Project has been completed, where dozens of workers were believed to have been trapped, but no one has been found.
Tension escalates in the Middle East after Iran and the US began to attack each other
Tehran has attacked Washington's military installations in Jordan and the United Arab Emirates in response to the U.S. bombing of Larek Island and the burning of an "oil supership" in Hormuz with the explosion of two mines.