UK's New PM Cuts Household Electricity Tax in Bid to Ease Cost of Living Crisis The UK's new Prime Minister Andy Burnham has announced that he will cut VAT on household electricity bills, effective from October 1.
This move is intended to provide relief for millions of households struggling with the cost of living crisis.
On closer inspection, however, this decision appears to be a band aid solution rather than a comprehensive fix for the UK's economic woes.