UK’s new PM slashes taxes on electricity

UK’s new PM slashes taxes on electricity

New UK Prime Minister Andy Burnham has scrapped VAT on electricity to ease living costs, funding the move by axing a planned digital ID scheme.

Burnham Slashes Electricity Tax on Day Two

Britain’s new prime minister wasted no time. On his second full day in office, Andy Burnham announced the elimination of value-added taxes on electricity — a move set to save households around $60 this year amid volatile energy costs. “We’re taking immediate action to cut taxes on energy bills, put more money in people’s pockets and bring back hope,” Burnham said, New York Times reports.

The catch? Aides say the roughly $2.4 billion cost will be covered by scrapping predecessor Keir Starmer’s national digital ID card plan. Not everyone’s convinced: fired cabinet ally Darren Jones called the ID scheme “unfunded” on social media, hinting at bumpy days ahead for Burnham’s Downing Street debut.

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