Andy Burnham to remove VAT from household electricity bills

Good move to announce the removal of VAT (@5%) on electricity bills, operative 1-10-26. NB NOT gas bills. Another move to start the ratchet of reducing the ratio between gas and electricity, thus reducing the cost risks of installing heat pumps in gas/oil CH homes www.bbc.co.uk/news/live/cg...

BREAKING: Andy Burnham has told his first cabinet meeting that it needs to be a “cost-of-living government” and help those struggling with high costs. Read more: trib.al/f2di2Ez

News Analysis: The UK's new prime minister, Andy Burnham, promised policies that would give average Britons financial “breathing space.” His opponents are already doling out criticism.

Wealth tax on UK’s super-rich could raise £10bn a year, Andy Burnham told New prime minister urged to introduce 2% minimum charge on households with more than £100m in wealth www.theguardian.com/business/202...

Removing VAT from electricity bills from October is a ‘positive statement of intent’ but ‘does not address the scale of what households are facing’, experts have said

This is a positive first step for now. It establishes electricity as one of the essentials worthy of VAT exemption and boosts electrification at the expense of gas. Good for the cost of living, good for climate. (1/3)

The Government has today announced that VAT on electricity bills will be cut from 5% to 0% from October, saving the typical household around £45 a year 1/

Cutting VAT on electricity will save everyone money, but it's broadly regressive.

Andy Burnham should announce a Maoist cultural revolution specifically targeting water company bosses. Labour + 50 points.

My observation on Andy Burnham's first two policy ideas are that removing VAT on electricity bills saves more money for wealthier people with bigger houses more than lower income families and while everyone would agree with ending homelessness, most people aren't going to want to pay for it.

Andy Burnman's first major policy decision as Prime Minister will save UK familes £45 a year ... or roughly the equivalent of one pint of larger every two months.

...the door for more state investment; and The UK’s new Prime Minister cut the VAT on electricity. This is part of the bigger, ongoing phenomenon of markets showing exceptional relative stability in the face of considerable global macro fluidity. #economy #markets #japan #uk 2 of 2

🚨 BREAKING: New PM Andy Burnham has scrapped VAT on electricity bills. This is a helpful first step. But for people struggling to afford the essentials, it won't go far enough. The gov promised to end the need for emergency food. Now we need to see longer-term actions to make that a reality.

So much for "end to factionalism" - the very first person to attack Burnham's electricity VAT cut isn't Kemi Badenoch, it's Starmer minion Darren Jones! No matter what you think of the policy, what a weaselly like backstabber he is! www.independent.co.uk/voices/andy-...

Re cutting the 5% VAT off electricity bills- when you are struggling, even a few quid a month helps. However, of the revenue created by this, I wonder how many of the more wealthy, previously contributing it, will even notice? Help those needing help, but don't throw away revenue from those others.