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

Prime Minister Burnham has announced the removal of VAT from household electricity bills. While the End Fuel Poverty Coalition describes this as a positive statement of intent, coordinator Simon Francis claims it does not address the scale of energy debt and unaffordable costs facing millions. Additionally, former minister Darren Jones suggests the tax cut is unfunded. The move aims to reduce financial pressure on British households despite criticisms regarding the sufficiency of the measure.